A system of social and economic equality in which there is no private property.
Used in a Sentence
socialism
Definitions, parts of speech, synonyms, and sentence examples for socialism.
Editorial note
If the CEO of a company is not making 200-300 times their average employee, they think it's socialism.
Examples16
Definitions4
Parts of speech1
Quick take
A system of social and economic equality in which there is no private property.
Meaning at a glance
The clearest senses and uses of socialism gathered in one view.
A system or condition of society in which the means of production are owned and controlled by the state.
Any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods.
Definitions
Core meanings and parts of speech for socialism.
noun
A system of social and economic equality in which there is no private property.
noun
A system or condition of society in which the means of production are owned and controlled by the state.
noun
Any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods.
noun
Any of a group of later political philosophies such democratic socialism and social democracy which do not envisage the need for full state ownership of the means of production nor transition to full communism, and which are typically based on principles of community decision making, social equality and the avoidance of economic and social exclusion, with economic policy giving first preference to community goals over individual ones.
Example sentences
If the CEO of a company is not making 200-300 times their average employee, they think it's socialism.
The basic premise of socialism is that the means of production are in social ownership.
Because it makes a good story in their circle of people who don't know the meaning of socialism.
Pure capitalism is just as impossible as pure socialism, due to the exact same moral hazards.
But the history of socialism makes that reaction every bit as legitimate as the reaction to touching a hot stove.
That's kinda the basic premise of socialism - whereby an employee's salary is dissociated from the economic benefit they bring.
As someone who actually lived in a socialist country (the one that started the whole socialism business:), take it from me.
People call it socialism because a starting salary of 70k is likely to be uneconomic.
Paying employees based on the economic benefit they bring is not contradictory to socialism.
It was not a communism, it was a flavour of socialism.
Okay after reading the article, I would agree with Rush's take on calling it socialism.
It's that, or mayhem, and the people who aren't desperate are the very people who can buy reprieve from mayhem in the form of socialism.
Quote examples
If National Socialism was socialist because it had "socialism" in its name, then the GDR was democratic for the same reason.
Nothing makes me more interested in embracing socialism than Rush's rush to define socialism as "any action that shows concern for your fellow human."
The thing is, like most words in English, "socialism" has taken on multiple meanings.
Side Note: While people like to say "Socialism == Communism", Marx viewed them as separate and distinct 'stages' of political/economic development.
Frequently asked questions
Short answers drawn from the clearest meanings and examples for this word.
How do you use socialism in a sentence?
If the CEO of a company is not making 200-300 times their average employee, they think it's socialism.
What does socialism mean?
A system of social and economic equality in which there is no private property.
What part of speech is socialism?
socialism is commonly used as noun.