Socialism - Dictionary Definition and Overview

Socialism :  (noun)
1: a political theory advocating state ownership of industry
2: an economic system based on state ownership of capital [syn: socialist economy] [ant: capitalism]

Based on WordNet 2.0

Socialism : \Socialism\, n.

Socialism of the chair [G. katheder socialismus], a term applied about 1872, at first in ridicule, to a group of German political economists who advocated state aid for the betterment of the working classes. Sock \Sock\, v. t. [Perh. shortened fr. sockdolager.] To hurl, drive, or strike violently; -- often with it as an object. [Prov. or Vulgar] --Kipling.

Based on Webster's Revised Unabridged Dictionary

Socialism : \So"cial*ism\, n. [Cf. F. socialisme.] A theory or system of social reform which contemplates a complete reconstruction of society, with a more just and equitable distribution of property and labor. In popular usage, the term is often employed to indicate any lawless, revolutionary social scheme. See Communism, Fourierism, Saint-Simonianism, forms of socialism.

[Socialism] was first applied in England to Owen's theory of social reconstruction, and in France to those also of St. Simon and Fourier . . . The word, however, is used with a great variety of meaning, . . . even by economists and learned critics. The general tendency is to regard as socialistic any interference undertaken by society on behalf of the poor, . . . radical social reform which disturbs the present system of private property . . . The tendency of the present socialism is more and more to ally itself with the most advanced democracy. --Encyc. Brit.

We certainly want a true history of socialism, meaning by that a history of every systematic attempt to provide a new social existence for the mass of the workers. --F. Harrison.

Based on Webster's Revised Unabridged Dictionary (1913)

Example Usage of Socialism

Sparkonomist: Cambodia, Vietnam, South America; Communism, Socialism, Fascism, Islamism; let's link the common paradigms between their perceived threats.
secondhandbooks: Edited by Anita Chan: Transforming Asian Socialism - China and Vietnam compared - SGD 20.00: book on Chinas and.. http://bit.ly/5bE1Rj
vladklimko: Socialism Creeps In As America Sleeps Transparency!? #politics #HC #corruption #unconstitutional http://frostfires.com/notice/148057
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