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state socialism

American  

noun

  1. the theory, doctrine, and movement advocating a planned economy controlled by the state, with state ownership of all industries and natural resources.


state socialism British  

noun

  1. a variant of socialism in which the power of the state is employed for the purpose of creating an egalitarian society by means of public control of major industries, banks, etc, coupled with economic planning and a social security system

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Other Word Forms

Etymology

Origin of state socialism

First recorded in 1875–80

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