socialism

Meanings

Plural: socialisms

Noun

• a political theory advocating state ownership of industry
• an economic system based on state ownership of capital
• Any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods.
• A system of social and economic equality in which there is no private property.
• Any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods.
• A system or condition of society in which the means of production are owned and controlled by the state.
• Any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods.
• The intermediate phase of social development between capitalism and communism in Marxist theory in which the state has control of the means of production.
• Any of a group of later political philosophies such 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.
• Any left-wing ideology, government regulations, or policies promoting a welfare state, nationalisation, etc.

Synonyms

socialist economy

Antonyms

capitalism, free enterprise

Related Words

anarchism, authoritarianism, autonomism, Bernsteinism, Blairism, bolshevism, Bolshevism, Bushism, capitalism, Clintonism, collectivism, communism, Communism, conservatism, Fascism, fascism, free enterprise, Gaitskellism, Gorbachevism, Hitlerism, individualism, justicialism, Khrushchevism, Kirchnerism, Leninism, liberalism, Maoism, Marxism, Marxism-Leninism, Peronism, progressivism, Pétainism, Reaganism, Rooseveltism, social, social democracy, social democrat, social democratic, socialisation, socialise, socialist, socialistic, socialistically, socialization, socialize, Stalinism, syndicalism, Thatcherism, Titoism, totalitarianism, trade unionism, Trotskyism, Trudeauism, Trumpism