The socialist mode of production is the post-capitalist economic system that emerges when the accumulation of capital is no longer sustainable due to falling rates of profit in (real) production, and social conflict arising from the contradictions between the level of technology and automation in the economy with the capitalist form of social organization. A socialist society would consist of production being carried out, organized in a manner to directly satisfy human needs, with the working-class cooperatively or publicly owning the means of production.