- a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole.
- procedure or practice in accordance with this theory.
- (in Marxist theory) the stage following capitalism in the transition of a society to communism, characterized by the imperfect implementation of collectivist principles.
Origin of socialism
Examples from the Web for socialism
These, he insisted, were harbingers of the twin plagues of socialism and secular humanism.What I Saw at Iowa’s So-Co Circus
August 10, 2014
“Welfarism,” as Goldwater constantly called welfare, was the path to socialism.Barry Goldwater, Father of the Tea Party
July 16, 2014
Far from doing any of that, of course, Cochran voted against Obamacare and called it socialism just like the rest of them did.You, Chris McDaniel, Are No Ned Lamont
June 27, 2014
U.S. Rep. Jim Bridenstine of Oklahoma has compared Common Core standards to socialism.The Wingnut War On Common Core Is A Plot To Destroy Public Schools
May 7, 2014
No one will be more infuriated by the comparison to socialism than the conservative-leaning members of the military.The U.S. Military Is a Socialist Paradise
April 21, 2014
The celebrated founder of socialism in France was his nephew.In the Heart of Vosges
Let us go straight for socialism and equal human rights and opportunities.
There will soon be no babies for you to instruct either in materialism or socialism.
This middle-class sentiment, or socialism, or whatever it may be, is rotten.Strife (First Series Plays)
The experience of civilized nations has hitherto been adverse to Socialism.The Republic
- an economic theory or system in which the means of production, distribution, and exchange are owned by the community collectively, usually through the state. It is characterized by production for use rather than profit, by equality of individual wealth, by the absence of competitive economic activity, and, usually, by government determination of investment, prices, and production levelsCompare capitalism
- any of various social or political theories or movements in which the common welfare is to be achieved through the establishment of a socialist economic system
- (in Leninist theory) a transitional stage after the proletarian revolution in the development of a society from capitalism to communism: characterized by the distribution of income according to work rather than need
Word Origin and History for socialism
1837, from French socialisme (1832) or formed in English (based on socialist) from social (adj.) + -ism. Perhaps first in reference to Robert Owen's communes. "Pierre Leroux (1797-1871), idealistic social reformer and Saint-Simonian publicist, expressly claims to be the originator of the word socialisme" [Klein, also see OED discussion]. The word begins to be used in French in the modern sense c.1835.
An economic system in which the production and distribution of goods are controlled substantially by the government rather than by private enterprise, and in which cooperation rather than competition guides economic activity. There are many varieties of socialism. Some socialists tolerate capitalism, as long as the government maintains the dominant influence over the economy; others insist on an abolition of private enterprise. All communists are socialists, but not all socialists are communists.