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Socialism
(redirected from The Socialists)

   Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia 0.01 sec.
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.


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The conservative party in Spain's Basque Country said on Monday it had agreed to a deal with the Socialists that would end their nationalist rivals' 30-year grip on power in the region.
The Socialists declared victory with 96% of the votes counted after an election overshadowed by the Madrid rail bombings that killed 200 people and wounded 1,500.
The take-over also provided Sheridan with a cash windfall which means the Socialists will have enough money to field candidates in every Scottish constituency in the forthcoming General Election.
 
 
 
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