It is quintessential socialism: collective ownership (of the “means of production”).

It is just embedded in a market system, just as, say, USSR or Cuba was embedded in the global economy.

That doesn’t make it not socialist.

And not all socialism is “bad”. It has to do with whether it is voluntary or not. I am a libertarian, and I fully support communes, housing cooperatives, credit unions and the like. I consider the lack of a superfluous extractive landlord or shareholder class a feature.