socialism

noun
UK: /ˈsəʊʃəlɪzəm/
US: /ˈsoʊʃəlɪzəm/

  1. A political and economic system in which the people collectively own and control the means of production, rather than private individuals or corporations.

    1. Some people think socialism is a good idea.
    2. Modern socialism advocates for a fairer distribution of wealth.

  2. A political ideology advocating for public ownership and democratic control of resources for the benefit of society as a whole.

    1. He supports socialism and its focus on equality.
    2. The rise of socialism led to significant changes in social policy.

  3. The stage of society following capitalism in Marxist theory, characterized by collective ownership and management of the means of production, preceding communism.

    1. Marx believed socialism was a transition.
    2. Theoretical socialism envisions a society free from exploitation.

Synonyms

collectivism marxism communism
socialism adjective

  1. Relating to or supporting the principles of socialism.

    1. They have a socialism view on things.
    2. Her socialism ideals reflect a deep commitment to social justice.

Frequently Asked Questions

The word "socialism" in English means: A political and economic system in which the people collectively own and control the means of production, rather than private individuals or corporations., A political ideology advocating for public ownership and democratic control of resources for the benefit of society as a whole., The stage of society following capitalism in Marxist theory, characterized by collective ownership and management of the means of production, preceding communism..

The phonetic transcription of "socialism" is /ˈsəʊʃəlɪzəm/ in British English and /ˈsoʊʃəlɪzəm/ in American English. Click the 🔊 button to hear both pronunciations.

Synonyms for "socialism": collectivism, marxism, communism.

Example usage of "socialism": "Some people think socialism is a good idea.". More examples on the page.