socialism definition

  • noun:
    • any one of different theories or methods of social company where means of making and circulating goods is possessed collectively or by a centralized government very often plans and controls the economic climate.
    • The stage in Marxist-Leninist principle intermediate between capitalism and communism, which collective ownership of this economy underneath the dictatorship of the proletariat have not however been successfully achieved.
    • any one of different financial and political philosophies that assistance personal equality, collective decision-making, circulation of earnings according to contribution and public ownership of productive capital and natural sources, as advocated by socialists.
    • The socialist governmental philosophies as an organization, including Marxism, libertarian socialism, democratic socialism, and social democracy.
    • The intermediate period of social development between capitalism and complete communism. This can be a technique wherein hawaii features control of all crucial resource-producing companies and manages many facets of the economic climate, contrary to laissez faire capitalism.
    • A theory or system of social reform which contemplates a total repair of community, with a far more only and fair distribution of property and work. In well-known use, the definition of is usually used to indicate any lawless, revolutionary personal plan. See communism, Fourierism, saint-simonianism, forms of socialism.
    • Any concept or system of personal business which would abolish, completely or in great component, the person effort and competitors upon which society rests, and substitute for it co√∂perative action, would introduce an even more perfect and equal circulation of this products of work, and would make land and money, as the tools and way of production, the combined control of members of the city.
    • that Christianity should really be right placed on the ordinary company of life, and that because with this today's system of competitors should offer place to co√∂perative organizations both productive and distributive, in which all might come together as brothers;
    • that any external modification associated with the laborer's life, as geared towards generally in most socialistic schemes, would not suffice to be in the labor question, but there must be an inner modification as a result of knowledge and elevation of character, especially through Christianity; and
    • that aid associated with condition should not be invoked beyond to remove all hostile legislation. A similar scheme showed up somewhat previously in France. The doctrines of Christian socialism, or similar doctrines under the same title, have already been frequently advocated in the usa.
    • particularly, in Germany, legislation, sustained by Prince Bismarck, meant to increase the condition regarding the working-man. On the list of steps included had been the insurance coverage of workmen against accident, nausea, and later years, and also the establishment of cooperative organizations under condition defense.
    • an economic system based on state ownership of capital
    • a political concept advocating condition ownership of business

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