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>capitalism tends to have everything owned by a financial caste
That's kind of a strawman, because one could say that The Party is the "financial caste" in socialism. People with big money exist regardless of the system, and I'd argue that socialism is even better for big money people because then they control everything, not just capital. The definitions I'm working with are "capitalism is private ownership of capital and free markets" and "socialism is public (government) ownership of capital and regulated markets"
>worker co-ops are actually owned by the citizenry
So are publicly-traded megacorporations. The difference is size and whether the owners also work there or not. Private companies and small business are not "functional socialism", they're actually more capitalist than megacorporations. Small business owners or worker co-op workers are the most capitalist, because they own the capital at their organization.
A socialist hackerspace or worker co-op would look like lobbying the city or the federal government for a taxpayer-funded grant to create a makerspace or co-op, where the money for it has little to do with how well it is run or what it makes or if the workers are happy.