utopian socialism

American  

noun

1. (sometimes initial capital letter) an economic system based on the premise that if capital voluntarily surrendered its ownership of the means of production to the state or the workers, unemployment and poverty would be abolished.

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utopian socialism British  

noun

1. (sometimes capitals) socialism established by the peaceful surrender of the means of production by capitalists moved by moral persuasion, example, etc: the form of socialism advocated by Robert Owen, Fichte, and others Compare scientific socialism

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Etymology

Origin of utopian socialism

First recorded in 1920–25

Example Sentences

Owen's followers would soon coin a new name for his vision: "utopian socialism."

From Fox News

And what is the essence of this first form of utopian socialism?

From Project Gutenberg

Owen, Robert, 130;utopian socialism of, 144;  in the Webbs' critique of, the economic fallacies of syndicalism are revealed, 260-261. 

From Project Gutenberg

So, just as utopian socialism rejects political exertion, it also stands opposed to all those efforts which we are accustomed to call the economic agitation of the workman, such as trade-unions and the like.

From Project Gutenberg

As we now take leave of utopian socialism we must guard ourselves from the thought that the spirit of this great historic influence has fully disappeared from the world.

From Project Gutenberg