What Rand was saying is that it is more "honest" for socialists to say that the state owns production and distribution, vs. fascists who say that the people still "own" (but not control) the property. When control = ownership by definition.
While it is true that socialist gov't may call it a "People's Republic" - the people there, are under no misconception that the state owns all of it. Volkswagen, for example, under Hitler, may have thought they own their company, when in fact, if Hitler wanted them to produce tanks instead of Beetles, they would make tanks. That better reflects what you say above - they're fooled.
The people living in a true socialist economy are usually better informed of the situation than their fascist/mixed economy counterparts - some who continue to think they still have rights and property. They don't.
If the deeming goes as some have suggested - only closed systems, then whoever may still be in business and think they "own" the business, are still controlled by the deeming in much the same way. They may want to make open systems in the same way VW would want to make Beetles, but they will make closed systems... or none at all.
Is easy:
Broke ?
It's called a 'Republic of...'
Very broke ?
Then it's called a 'People's Republic of...'
Cuz the people own the debts and the others - after having made it broker in the first place - own the profits.
Manufacturer. Consumer. Prosumer ( read your Alvin Toffler

).
Where do you draw the line ? Common sense or deeming a line where there isn't one ?
Everyone cooks at home.
Trip to the mall, get enough stuff to whip together a fruit salad or smoothie that puts any OTC supplement to shame in term of nutritional / health benefits.
Doesn't turn me into a drug manufacturer though.
Cuz i can slop together some junk as well and call it food.
Doesn't turn me into a burger chain though.
Trip to the park and the garden, get enough stuff to concoct a tasty meal - that if I set my mind to it - could do you in just as reliable as a gunshot to the brain stem. Less messy too
Doesn't turn me into purveyor of WMD though.
Yet we got this F(ools) D(ooming) A(merica)
saying just that. And getting applauded by puritans whose thinking patterns are only marginally different from puritans of other ilk. Doesn't really matter if these puritans come clean-shaven in three-piece-suits bearing regulation texts or if they come with scraggly beards in kaftans bearing IED's; their brain matter is folded - or shall I say warped - in very similar ways. Their message is identical : Do it the way we want or else.
Vaping is a simple technology at its core. Pour PG and flavour extracts in a cauldron over an open fireand it can be done in a alchemist's tower back in medevial times. It gained momentum because it became mobile and easy to handle with the availability of advanced power sources.
An it could very well become the litmus test for the government:
For the people, for tolerance - or - for the profits, for ideological straightjacket
Homo homini lupus est
We live in interesting times...