Socialism Definition Merriam Webster

N a variant of socialism in which the power of the state is employed for the purpose of creating an egalitarian society by means of public control of major industries banks etc coupled with economic planning and a social security system.

Socialism definition merriam webster. The term is also often used in the phrase democratic socialism which is discussed here. 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. How to use socialist in a sentence. A political movement advocating a gradual and peaceful transition from capitalism to socialism by democratic means see the full definition.

In the modern era pure socialism has been seen only rarely and usually briefly in a few communist regimes. Socialism refers to a system of social organization in which private property and the distribution of income are subject to social control. Socialism meanwhile is most often used in modern english to refer to a system of social organization in which private property and the distribution of income are subject to social control. What exactly is communism.

A way of organizing a society in which major industries are owned and controlled by the government rather than by individual people and companies compare capitalism communism. The term is also often used in the phrase democratic socialism which is discussed here. A way of organizing a society in which the government owns the things that are used to make and transport products such as land oil factories ships etc and there is no privately owned property compare capitalism socialism. The conception of that control has varied significantly over time.

See communism fourierism saint simonianism forms of socialism. Democratic socialism definition is social democracy. In popular usage the term is often employed to indicate any lawless revolutionary social scheme. How to use democratic socialism in a sentence.

A member of a party or political group advocating socialism. One who advocates or practices socialism.