Sure we could do what many naïve people on the internet want and seize the means of production, but who on earth would want to start a productive business or make productive investments in a country where the government can just up and seize your assets without justification?

That’s why you don’t create a legal system where “the government can just up and seize your assets without justification”. You create a system where it is clearly defined when it becomes acceptable to socialize a company, and what forms of organization and management it is going to take, and what compensation is the entrepreneur entitled to in exchange.

The right wing fears governments and the left wing fears corporations but really it’s ALL metahuman entities that are suspect and should be regarded as predatory until they can show otherwise.