Associations to the word «Socialism»

SOCIALISM, noun. (Marxism) The intermediate phase of social development between capitalism and full communism in Marxist theory in which the state has control of the means of production.

SOCIALISM, noun. Any of several later political philosophies such as libertarian socialism, 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.

SOCIALISM OF THE CHAIR, noun. (historical) (1870s) (derogatory) The policy, advocated by a group of German political economists, of state aid for the betterment of the working classes.

SOCIALISM, noun. A political theory advocating state ownership of industry.

SOCIALISM, noun. An economic system based on state ownership of capital.