We've been saying collectivize the means of production for centuries for a reason guys.
People have tried collectivization for a century and it hasn't worked. Collectivized production is inefficient in most/a lot of cases. The USSR's economy is a prime example. India and China voluntarily moved away from collectivized production in the 1990s and 1980s respectively because collectivized economic sectors stagnated for decades.
Collectivization removes too many incentives for improvement. This leads to stagnation.