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Meaning of SOCIALISM

Pronunciation:  'sowshu`lizum

 
WordNet Dictionary
 
 Definition: 
  1. [n]  a political theory advocating state ownership of industry
  2. [n]  an economic system based on state ownership of capital
 

SOCIALISM is a 9 letter word that starts with S.

 

 Synonyms: socialist economy
 
 Antonyms: capitalism, capitalist economy
 
 See Also: communism, Fabianism, guild socialism, ideology, International, managed economy, national socialism, Naziism, Nazism, political orientation, political theory, utopian socialism

 

 

Webster's 1913 Dictionary
 
 Definition: 
  1. \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.
    
    
  2. \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.
    
    
 

 

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