What does "socialism" mean?
Any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods.
noun, slang ·Common ·High school level
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"Soil improvement often involves the movement of large quantities of earth, but the Chinese peasants face this task with a high degree of enthusiasm for socialism."
"…Americans as a rule have no faith in the fundamental doctrine of socialism — no private property. To be sure, that fundamental doctrine is not expressly maintained in this program of the British Labor Party ; but all its proposals lead straight to the adoption by the nation of that doctrine…"
"Socialism is usually defined as "common ownership of the means of production". Crudely: the State, representing the whole nation, owns everything, and everyone is a State employee. This does not mean that people are stripped of private possessions such as clothes and furniture, but it does mean that all productive goods, such as land, mines, ships and machinery, are the property of the State... One must also add the following: approximate equality of incomes (it need be no more than approximate), political democracy, and abolition of all hereditary privilege, especially in education. These are simply the necessary safeguards against the reappearance of a class-system."
"For me, socialism is not statism, or the collective ownership of the means of production. It is a judgment on the priorities of economic policy…the community takes precedence over the individual in legitimate economic policy. The first lien on the resources of a society therefore should be to establish that "social minimum" which would allow individuals to lead a life of self-respect, to be members of the community."
"I have used the term "liberal solidarity". It needs to stake out its ideological territory and to debate not only with socialism and conservatism, but with other varieties of liberalism."
""What?" Pharamp asked. "Nothing," Sysko lied, "we were talking about the effect of Confucianism on modern Chinese socialism.""
Any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods.
Common synonyms include: centralism, collective farm, collective ownership, collectivism, collectivism, collectivity.
"What?" Pharamp asked. "Nothing," Sysko lied, "we were talking about the effect of Confucianism on modern Chinese socialism."
Pronounced /ˈsoʊʃəlɪzəm/.
Attested since 1832; either from French socialisme or from social + -ism.