socialism


Definition: Meaning of, socialism in English to English dictionary.

Pronunciation: / ˈsəʊʃəlɪz(ə)m /

  • noun
  • synonym
  • antonym
Word Forms:
Singular Plural
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[uncountable]
  1. an economic and political system in which large industries are owned by the government, and taxes are used to take some wealth away from richer citizens and give it to poorer citizens [↪  capitalism, communism]
    SYNONYM
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    ANTONYM
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synonym
antonym

socialism used in phrases

  • guild socialism (noun)
    1. a form of socialist theory advocating state ownership of industry but managements by guilds of workers
  • national socialism (noun)
    1. the far-right ideology of Adolf Hitler’s National Socialist German Workers’ Party, esp. including a totalitarian government and racial superiority
  • state socialism (noun)
    1. an economic system in which the government owns most means of production but some degree of private capitalism is allowed
  • utopian socialism (noun)
    1. socialism achieved by voluntary sacrifice
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