Definitions for socialism
ˈsoʊ ʃəˌlɪz əmso·cial·ism

Princeton's WordNetRate this definition:3.0 / 2 votes

1. socialismnoun

   a political theory advocating state ownership of industry

2. socialism, socialist economynoun

   an economic system based on state ownership of capital

WiktionaryRate this definition:4.5 / 2 votes

1. socialismnoun

   Any of various economic and political philosophies that support social equality, collective decision-making, distribution of income based on contribution and public ownership of productive capital and natural resources, as advocated by socialists.

2. socialismnoun

   The socialist political philosophies as a group, including Marxism, libertarian socialism, democratic socialism, and social democracy.

3. socialismnoun

   The intermediate phase of social development between capitalism and full communism. This is a strategy whereby the state has control of all key resource-producing industries and manages most aspects of the economy, in contrast to laissez faire capitalism.

4. Etymology: Attested since 1832; either from socialisme or from

WikipediaRate this definition:0.0 / 0 votes

1. Socialism

   Socialism is a political philosophy and movement encompassing a range of economic and social systems, which are characterised by social ownership of the means of production, with an emphasis on democratic control, such as workers' self-management, as opposed to private ownership. Socialism includes the political, social, and economic philosophies and movements associated with the proposal and implementention of such systems. Social ownership can be public, community, collective, cooperative, or employee. While no single definition encapsulates the many types of socialism, social ownership is the one common element, and is considered left-wing. Different types of socialism vary based on the role of markets and planning in resource allocation, on the structure of management in organizations, and from below or from above approaches, with some socialists favouring a party, state, or technocratic-driven approach. Socialists disagree on whether government, particularly existing government, is the correct vehicle for change.Socialist systems are divided into non-market and market forms. Non-market socialism substitutes factor markets and often money with integrated economic planning and engineering or technical criteria based on calculation performed in-kind, thereby producing a different economic mechanism that functions according to different economic laws and dynamics than those of capitalism. A non-market socialist system seeks to eliminate the perceived inefficiencies, irrationalities, unpredictability, and crises that socialists traditionally associate with capital accumulation and the profit system in capitalism. By contrast, market socialism retains the use of monetary prices, factor markets and in some cases the profit motive, with respect to the operation of socially owned enterprises and the allocation of capital goods between them. Profits generated by these firms would be controlled directly by the workforce of each firm or accrue to society at large in the form of a social dividend. Anarchism and libertarian socialism oppose the use of the state as a means to establish socialism, favouring decentralisation above all, whether to establish non-market socialism or market socialism.Socialist politics has been both internationalist and nationalist; organised through political parties and opposed to party politics; at times overlapping with trade unions and at other times independent and critical of them, and present in both industrialised and developing nations. Social democracy originated within the socialist movement, supporting economic and social interventions to promote social justice. While retaining socialism as a long-term goal, since the post-war period it came to embrace a mixed economy based on Keynesianism within a predominantly developed capitalist market economy and liberal democratic polity that expands state intervention to include income redistribution, regulation, and a welfare state. Economic democracy proposes a sort of market socialism, with more democratic control of companies, currencies, investments, and natural resources.The socialist political movement includes a set of political philosophies that originated in the revolutionary movements of the mid-to-late 18th century and out of concern for the social problems that were associated with capitalism. By the late 19th century, after the work of Karl Marx and his collaborator Friedrich Engels, socialism had come to signify anti-capitalism and advocacy for a post-capitalist system based on some form of social ownership of the means of production. By the early 1920s, communism and social democracy had become the two dominant political tendencies within the international socialist movement, with socialism itself becoming the most influential secular movement of the 20th century. Socialist parties and ideas remain a political force with varying degrees of power and influence on all continents, heading national governments in many countries around the world. Many socialists also adopted the causes of other social movements, such as feminism, environmentalism, and progressivism.While the emergence of the Soviet Union as the world's first nominally socialist state led to socialism's widespread association with the Soviet economic model, several scholars posit that in practice, the model functioned as a form of state capitalism. Several academics, political commentators, and scholars have distinguished between authoritarian socialist and democratic socialist states, with the first representing the Eastern Bloc and the latter representing Western Bloc countries which have been democratically governed by socialist parties such as Britain, France, Sweden, and Western countries in general, among others. Following the end of the Cold War, many of these countries have moved away from socialism as a neoliberal consensus replaced the social democratic consensus in the advanced capitalist world.

ChatGPTRate this definition:0.0 / 0 votes

1. socialism

   Socialism is a political, social, and economic philosophy that advocates for the means of production, distribution, and exchange to be owned or regulated by the community as a whole. This ideology emphasizes economic equality, asserting that wealth and income should be distributed according to need rather than ability, and fosters the belief in cooperative management of economic systems. It seeks to diminish the effects of capitalism, such as economic inequality and exploitation, by public or cooperative ownership of societal resources and wealth. It also promotes the social welfare safety net and state intervention in the economy.

Webster DictionaryRate this definition:2.5 / 4 votes

1. Socialismnoun

   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

2. Etymology: [Cf. F. socialisme.]

WikidataRate this definition:3.8 / 6 votes

1. Socialism

   Socialism is an economic system characterised by social ownership of the means of production and co-operative management of the economy. "Social ownership" may refer to cooperative enterprises, common ownership, state ownership, or citizen ownership of equity. There are many varieties of socialism and there is no single definition encapsulating all of them. They differ in the type of social ownership they advocate, the degree to which they rely on markets or planning, how management is to be organised within productive institutions, and the role of the state in constructing socialism. A socialist economic system would consist of a system of production and distribution organized to directly satisfy economic demands and human needs, so that goods and services would be produced directly for use instead of for private profit driven by the accumulation of capital. Accounting would be based on physical quantities, a common physical magnitude, or a direct measure of labour-time in place of financial calculation. Distribution would be based on the principle to each according to his contribution. As a political movement, socialism includes a diverse array of political philosophies, ranging from reformism to revolutionary socialism. Proponents of state socialism advocate the nationalisation of the means of production, distribution and exchange as a strategy for implementing socialism. In contrast, libertarian socialism proposes the traditional view of direct worker's control of the means of production and opposes the use of state power to achieve such an arrangement, opposing both parliamentary politics and state ownership. Democratic socialism seeks to establish socialism through democratic processes and propagate its ideals within the context of a democratic political system.

The Nuttall EncyclopediaRate this definition:2.0 / 2 votes

1. Socialism

   a social system which, in opposition to the competitive system that prevails at present, seeks to reorganise society on the basis, in the main, of a certain secularism in religion, of community of interest, and co-operation in labour for the common good, agreeably to the democratic spirit of the time and the changes required by the rise of individualism and the decay of feudalism.

The Roycroft DictionaryRate this definition:0.0 / 0 votes

1. socialism

   1. A sincere, sentimental, beneficent theory, which has but one objection, and that is, it will not work. 2. A plan by which the inefficient, irresponsible, ineffective, unemployable and unworthy will thrive without industry, persistence or economy. 3. An earnest effort to get Nature to change the rules for the benefit of those who are tired of the Game. 4. A social and economic scheme of government by which man shall loiter rather than labor. 5. A survival of the unfit. 6. A device for swimming without going near the _H_{2}O._. 7. Participation in profits without responsibility as to deficits. 8. An arrangement for destroying initiative, invention, creation and originality. 9. Resolutions passed by a committee as a substitute for work. 10. A sentiment which encouraged and evolved would lead to revolution, with dynamiting and destruction as a prominent and recognized part of its propaganda. 11. A system for turning water into wine, kerosene into oyster-soup, and boulders into bread, by passing resolutions.

U.S. National Library of MedicineRate this definition:5.0 / 1 vote

1. Socialism

   A system of government in which means of production and distribution of goods are controlled by the state.

Editors ContributionRate this definition:0.0 / 0 votes

1. socialism

   A form of politics and governance that cocreates, experiences and provides on a fasttrack democracy with power to the people with policies, law and legislation that cocreates and provides free education in all forms, sustainability using innovation, complete focus on equality throughout society, the redistribution of wealth, equal and identical pay and holiday entitlement for all citizens in every country, universal living income system, total nationalization of all transport systems, all banks, all forms of natural resources and all construction and landscaping organizations, the construction of public housing on public land, the creation of total public banking and community banking systems, freedom for citizens to contribute to society in a creative and purposeful way, nationalization and transformation of all forms of all organizations within an economy into local sustainable social enterprises where all citizens who work receive the equal and identical wage and holiday entitlement for all job titles, equal rights and equal opportunities policies for all, vegetarian policies, the fasttrack creation and development of sustainable social enterprises and community enterprises and a society where all forms of profit in an economy are a form of unity government income that is collated and distributed where required using real-time data, information, facts, research and statistics at a local, regional, national, european and international level to ensure optimum health, human rights, equality, justness, fairness and sustainability for all on planet earth

   Socialism is now guaranteed for each country of the world to ensure optimum health, human rights and world peace for all

   
   

   Submitted by MaryC on March 23, 2021  

Matched Categories

1. • Political Orientation

British National Corpus

1. Nouns Frequency

   Rank popularity for the word 'socialism' in Nouns Frequency: #2109

How to pronounce socialism?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say socialism in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of socialism in Chaldean Numerology is: 8

2. Pythagorean Numerology

   The numerical value of socialism in Pythagorean Numerology is: 1

Examples of socialism in a Sentence

1. Marik Stern:

   A lot of us have developed a political identity different to our parents, they came here with a great antagonism to socialism and anything that has even a whiff of Soviet to it. They are very capitalist.

2. Churchill:

   The inherent vice of capitalism is the unequal sharing of blessings. The inherent virtue of socialism is the equal sharing of misery.

3. Fox News:

   Socialism: The Failed Idea That Never Dies.

4. Thomas Filingeri:

   There is no need to look at Venezuela for examples of why socialism doesn't work, they're in our own backyard.

5. Joseph Goebbels:

   We are socialists because we see in socialism, that is the union of all citizens, the only chance to maintain our racial inheritance and to regain our political freedom and renew our German state.

Popularity rank by frequency of use

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=socialism
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Socialism
3. ^ Wikipedia
   https://en.wikipedia.org/wiki/Socialism
4. ^ ChatGPT
   https://chat.openai.com
5. ^ Webster Dictionary
   https://www.merriam-webster.com/dictionary/socialism
6. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=socialism
7. ^ The Nuttall Encyclopedia
   https://www.gutenberg.org/cache/epub/12342/pg12342-images.html#Socialism
8. ^ The Roycroft Dictionary
   https://www.gutenberg.org/files/36566/36566-h/36566-h.htm#:~:text=socialism