What does socialism mean?

Definitions for socialism
ˈsoʊ ʃəˌlɪz əmso·cial·ism

Here are all the possible meanings and translations of the word socialism.

Princeton's WordNet

  1. socialism(noun)

    a political theory advocating state ownership of industry

  2. socialism, socialist economy(noun)

    an economic system based on state ownership of capital

Wiktionary

  1. socialism(Noun)

    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. socialism(Noun)

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

  3. socialism(Noun)

    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. Origin: Attested since 1832; either from socialisme or from

Webster Dictionary

  1. Socialism(noun)

    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. Origin: [Cf. F. socialisme.]

Freebase

  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 Encyclopedia

  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 Dictionary

  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 Medicine

  1. Socialism

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

British National Corpus

  1. Nouns Frequency

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

How to pronounce socialism?

  1. Alex
    Alex
    US English
    Daniel
    Daniel
    British
    Karen
    Karen
    Australian
    Veena
    Veena
    Indian

How to say socialism in sign language?

  1. socialism

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. President Barack Obama:

    It's not crazy, it's not socialism.

  2. Detroit Journal:

    Socialism is Bolshevism with a shave.

  3. Tom Zegan:

    Socialism is the ultimate ponzi scheme.

  4. James R. Cook:

    Socialism was made to order for tyrants.

  5. Marc Molinaro:

    Democratic Socialism is a false paradise.

Images & Illustrations of socialism

  1. socialismsocialismsocialismsocialismsocialism

Popularity rank by frequency of use

socialism#10000#17210#100000

Translations for socialism

From our Multilingual Translation Dictionary

Get even more translations for socialism »

Translation

Find a translation for the socialism definition in other languages:

Select another language:

  • - Select -
  • 简体中文 (Chinese - Simplified)
  • 繁體中文 (Chinese - Traditional)
  • Español (Spanish)
  • Esperanto (Esperanto)
  • 日本語 (Japanese)
  • Português (Portuguese)
  • Deutsch (German)
  • العربية (Arabic)
  • Français (French)
  • Русский (Russian)
  • ಕನ್ನಡ (Kannada)
  • 한국어 (Korean)
  • עברית (Hebrew)
  • Український (Ukrainian)
  • اردو (Urdu)
  • Magyar (Hungarian)
  • मानक हिन्दी (Hindi)
  • Indonesia (Indonesian)
  • Italiano (Italian)
  • தமிழ் (Tamil)
  • Türkçe (Turkish)
  • తెలుగు (Telugu)
  • ภาษาไทย (Thai)
  • Tiếng Việt (Vietnamese)
  • Čeština (Czech)
  • Polski (Polish)
  • Bahasa Indonesia (Indonesian)
  • Românește (Romanian)
  • Nederlands (Dutch)
  • Ελληνικά (Greek)
  • Latinum (Latin)
  • Svenska (Swedish)
  • Dansk (Danish)
  • Suomi (Finnish)
  • فارسی (Persian)
  • ייִדיש (Yiddish)
  • հայերեն (Armenian)
  • Norsk (Norwegian)
  • English (English)

Discuss these socialism definitions with the community:

Word of the Day

Would you like us to send you a FREE new word definition delivered to your inbox daily?

Please enter your email address:


Citation

Use the citation below to add this definition to your bibliography:

Style:MLAChicagoAPA

"socialism." Definitions.net. STANDS4 LLC, 2020. Web. 25 Feb. 2020. <https://www.definitions.net/definition/socialism>.

Are we missing a good definition for socialism? Don't keep it to yourself...

Free, no signup required:

Add to Chrome

Get instant definitions for any word that hits you anywhere on the web!

Free, no signup required:

Add to Firefox

Get instant definitions for any word that hits you anywhere on the web!

Nearby & related entries:

Alternative searches for socialism:

Thanks for your vote! We truly appreciate your support.