socialism | | |
n. (cognition) | 1. socialism | a political theory advocating state ownership of industry. |
| ~ ideology, political orientation, political theory | an orientation that characterizes the thinking of a group or nation. |
| ~ fabianism | socialism to be established by gradual reforms within the law. |
| ~ guild socialism | a form of socialist theory advocating state ownership of industry but managements by guilds of workers. |
| ~ utopian socialism | socialism achieved by voluntary sacrifice. |
n. (group) | 2. socialism, socialist economy | an economic system based on state ownership of capital. |
| ~ communism | a form of socialism that abolishes private ownership. |
| ~ international | any of several international socialist organizations. |
| ~ national socialism, naziism, nazism | a form of socialism featuring racism and expansionism and obedience to a strong leader. |
| ~ managed economy | a non-market economy in which government intervention is important in allocating goods and resources and determining prices. |
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