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Final answer:
Contemporary American socialists advocate for public ownership of resources to achieve equality of outcome and advocate for a revised economic system with a mix of state ownership, cooperatives, municipal ownership, and private enterprise.
Explanation:
Contemporary American socialists currently favor a system that involves public ownership of productive resources, aiming for a more equitable distribution of wealth and resources. This includes advocating for a system where factors of production are owned in common or by the public sector, with a focus on equality of outcome rather than generating wealth and efficiency. They propose state ownership existing alongside cooperatives, municipal ownership, and private enterprise as part of a reformed economic structure.
Learn more about Socialism here:
https://brainly.com/question/41126718
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