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 ?
It is like all innovative schools of literature that arose over a relatively long time, from natural realism of "Zola" up to pecuniary realism of "Chekhov" and socialistic realism of Gorky.
The continuing planning process demonstrated the impossibility to express architecturally the recent socialistic society.
The long debate over maternity allowances in the federal parliament reflected uneasiness about its feminist implications and socialistic character together with acknowledgment of its likely popularity among women voters, now recognised on all sides as the new political force in the land.
Despite its artistic merits and its clearly socialistic tone, Axe represented two elements of discourse on Nazi Germany in the immediate post-war era that the DEFA stringently sought to exile from public discourse: the complicity of the lower middle class in The Third Reich and the ideological cognition of moral choice as grounded in liberal capitalistic society.
It does, however, seem that a free-market purist would have utter disdain for the national park system, which is one of the most purely socialistic exercises in American history.
2] "cap and trade" program that will fasten draconian federal regulatory controls on virtually every human activity; characterizing these socialistic programs as, well, socialistic, is verboten.
To specifically honor and glorify the man whose music and racist anti-Semitic writings inspired Hitler and became the de facto soundtrack for the Holocaust in a countywide festival is an affront to those who have suffered or have been impacted by the horrors of Adolf Hitler's National Socialistic Worker Party," Antonovich wrote to LA Opera Chairman Marc Stern.
In those days, it was a pleasure to pore over the voting records of right-wing Republicans in Congress, especially in the harder-core House, for the common garden-variety rightists of the pre-1955 era make the most rightwing congressmen today seem impossibly leftist and socialistic.
Moreover, it is apparent that the evolution of FATAH to a more Islamic oriented organization is simply a reflection of the overall Arab societal disappointment with the socialistic, Arab nationalist governments-a gradual turning toward the concept that "Islam is the Answer.
One of the last barriers to this frankly socialistic program has been the traditional definition of marriage as the union of a man and woman, with all its historical privileges and protections.
Like other kibbutzim, Kibbutz Tzuba was founded as a socialistic agricultural collective.
And if they could effectively portray reform efforts as a socialistic plot, all the better).