socialism
UK /ˈsəʊʃəlɪzəm/ · US /ˈsoʊʃəlɪzəm/ noun
Forms socialisms
- noun Any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods.
- noun A system of social and economic equality in which there is no private property.
- noun A system or condition of society in which the means of production are owned and controlled by the state.
- noun (Marxism-Leninism) The intermediate phase of social development between capitalism and communism in Marxist theory in which the state has control of the means of production.
- noun Any of a group of later political philosophies, such as democratic socialism and social democracy, which do not envisage the need for full state ownership of the means of production nor transition to full communism, and which are typically based on principles of community decision making, social equality and the avoidance of economic and social exclusion, with economic policy giving first preference to community goals over individual ones.
- noun (chiefly US, often derogatory, colloquial) Any left-wing ideology, government regulations, or policies promoting a welfare state, nationalisation, etc.
Synonyms
Antonyms
Etymology
Attested since 1832; either from French socialisme or from social + -ism.
Webster’s 1913
- noun A theory or system of social reform which contemplates a complete reconstruction of society, with a more just and equitable distribution of property and labor. In popular usage, the term is often employed to indicate any lawless, revolutionary social scheme.
Etymology [Cf. F. socialisme.]
Sources: Wiktionary · WordNet 3.0 · Webster’s 1913 — from the Wiktionary entry “socialism”, CC BY-SA 4.0. Details