Question

what would be the basis of socialistic society

Answer 1

Various socialist had different ideologies and principles as the basis of the socialist society. While Robert Owen beleived in the idea of cooperatives, others beleived that capitalist model of economy should be replaced by socialist model of economy. 

Karl Marx believed that that the profits earned by factory owners are produced by workers. He held that to establish a socialist society, Workers have  to overthrow capitalism and the rule of private property. Thus, for  Marx,  the basis of socialist society was the state ownership of resources.

Answer 2

equality...............