a theory or system of social organization
that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole.
procedure or practice in accordance with this theory.
(in Marxist theory) the stage following capitalism in the transition of a society to communism, characterized by the imperfect implementation of collectivist principles.
Socialism is a social and economic system characterised by social ownership
and democratic control of the means of production, as well as a political theory ...
a way of organizing a society in which major industries are owned and controlled
by the government rather than by individual people and companies.
The Philosophy of Politics and the Philosophy of Law are often studied separately, but they are presented here jointly because they both come back to the same thing: the study of force. Politics is the study of political force in the general community, while jurispr... More »
Central to the meaning of socialism is common ownership. This means the
resources of the world being owned in common by the entire global population.
Yet the idea and the ideal of socialism linger on. Whether socialism in some form
will eventually return as a major organizing force in human affairs is unknown, ...
Any of various theories or systems of social organization in which the means of
producing and distributing goods is owned collectively or by a centralized ...
Socialism as a political system is defined by democratic and social control of the
means of production by the workers for the good of the community rather than ...
These days, the word socialism gets tossed around so much, it's almost lost all
meaning. Originally, though, it was the bedrock of Marxism and meant that ...