socialism

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Socialism

An economic system in which the state or the people generally own most or all of the means of production. That is, under socialism, industries, agriculture and corporations are nationalized. The government may also manage the nationalized companies, or they may delegate this to a private company. Most socialist systems, however, allow some degree of private enterprise. Because it favors a strong role for the state, socialism should not be confused with Marxism, which holds that the state will eventually disappear.

socialism

a political doctrine that emphasizes the collective ownership of the means of production, ascribing a large role to the state in the running of the economy, with widespread public ownership (NATIONALIZATION) of key industries, although it allows limited scope to market forces. MARX regarded socialism as a transitional stage between the end of a PRIVATE-ENTERPRISE system and the beginnings of COMMUNISM. In practice, the revolutionary, communist form of socialism, which involves abolition of all private property, is limited to only a few countries, such as Cuba. Elsewhere, the main form of economic system is that of the MIXED ECONOMY, which combines elements of democratic socialism and the private-enterprise tradition. See CENTRALLY PLANNED ECONOMY.
References in periodicals archive ?
He currently resides in Mexico City with his wife Monica and two children, Mariana and Sosia.
E la scrittura che si trova, talora anche senza averlo programmato, faccia a faccia con il volto terribile della vita selvaggiamente ignara di valori morali, di bene e di male, di giustizia e di pieta; una scrittura che e talora l'incontro, estraniante e creativo, con un sosia, o almeno con una componente ignota di se stessi, che parla con un'altra voce.
The passage quoted comes from the first meeting between Mercurius and Sosia, when the servant is testing the god's assumed identity by asking questions that, he believes, only he himself could answer:
Un rinvio sicuro e quello all'Amphitruo plautino attraverso la mediazione della commedia elegiaca francese e del Cantare di Geta e Birria, che offre pero, in realta, poco piu di un esempio di trattamento satirico del tema del sosia e dello sconcerto che lo accompagna.