Definition of Socialism

1. Noun. A political theory advocating state ownership of industry.


2. Noun. An economic system based on state ownership of capital.
Exact synonyms: Socialist Economy
Specialized synonyms: Communism, International, National Socialism, Naziism, Nazism
Generic synonyms: Managed Economy
Antonyms: Capitalism
Derivative terms: Socialist, Socialistic

Definition of Socialism

1. n. 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. See Communism, Fourierism, Saint- Simonianism, forms of socialism.

Definition of Socialism

1. Noun. Any of various economic and political philosophies that support social equality, collective decision-making, distribution of income based on contribution and public ownership of productive capital and natural resources, as advocated by socialists. ¹

2. Noun. The socialist political philosophies as a group, including Marxism, libertarian socialism, democratic socialism, and social democracy. ¹

3. Noun. (context: Leninism) The intermediate phase of social development between capitalism and full communism. This is a strategy whereby the state has control of all key resource-producing industries and manages most aspects of the economy, in contrast to laissez faire capitalism. ¹

¹ Source: wiktionary.com

Definition of Socialism

1. [n -S]

Medical Definition of Socialism

1. A system of government in which means of production and distribution of goods are controlled by the state. (12 Dec 1998)

Lexicographical Neighbors of Socialism

social trading
social unit
social values
social welfare
social work
social worker
social workers
socialisation
socialise
socialised
socialised medicine
socialiser
socialisers
socialises
socialising
socialism (current term)
socialisms
socialist
socialist economy
socialist realism
socialistic
socialistically
socialists
socialite
socialites
socialities
socialization
socializations
socialize

Literary usage of Socialism

Below you will find example usage of this term as found in modern and/or classical literature:

1. Readers' Guide to Periodical Literature by H.W. Wilson Company (1916)
"Lit Digest 63:1034 О 21 '16 Marxian socialism and religion, by J: Spargo. Review. ... Cath World 103:145-54 My '16 socialism and the Fabian society. ..."

2. The Encyclopedia Americana: A Library of Universal Knowledge (1920)
"1918) ; Hillquit, Morris, 'History of socialism in the United States' (ib. ... See socialism. SOCIETIES, Criminal. To find the origin of the idea that has ..."

3. The Cumulative Book Index by H.W. Wilson Company (1911)
"Mann, NM Import and outlook of socialism. •$1.50. 40. West. JH Russell, C: E: Why I am a ... E: Index to periodical literature on socialism. 25c. '09. ..."

4. The New Schaff-Herzog Encyclopedia of Religious Knowledge: Embracing by Johann Jakob Herzog, Philip Schaff, Albert Hauck (1911)
"Experiments in meeting these needs are in progress, some of which promise as satisfactory adjustment as socialism could effect. XI. ..."

5. Cyclopedia of American Government by Andrew Cunningham McLaughlin, Albert Bushnell Hart (1914)
"socialism, CHRISTIAN. socialism. See CHRISTIAN socialism, MUNICIPAL. Municipal socialism is both a theory of local government and the program of a political ..."

6. Principles of Economics by Frank William Taussig (1921)
"The essence of socialism is economic transformation; changes in religion, ... Guild socialism; under larger-scale industry, it leaves the problems ..."

7. The Catholic Encyclopedia: An International Work of Reference on the by Charles George Herbermann (1913)
"Christianity and socialism are hopelessly incompatible, and the logic of events .... 1910); MINO, The Characteristics and the Religion of Modern socialism ..."

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