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 ?
Finally, in the summer of 2000, Socia was jailed in Coos County on a meth possession charge.
Bob Socia, head of GM's China operation, said, 'We are not only expanding in tier-one and tier-two cities, which would be pretty logical to Cadillac, but ...
Socia, 85, of Wheelock St., died Saturday, June 12, 2010, in his home.
En Colombia, Gasco ha sido socia de Promigas para vender automoviles bajo la marca Gazel, que funcionan con GNL, una idea que la empresa planea desarrollar en Chile.
La belga Inge Casteleyn se unio en calidad de socia en las oficinas de Mexico de la firma Heidrick & Struggles International, uno de los principales headhunters mundiales.
Contenido la entrevisto en abril de 2008 (ver Personal coaching, para triunfar en la vida) y en esa ocasion nos dijo que junto con su socia Oriana Tickell crearon el Circulo de Mujeres para el Liderazgo que, sin fines de lucro, las ayuda (a ellos tambien) a desarrollar sus habilidades dotandolas de una metodologia y herramientas de trabajo para convertirse en seres exitosos mediante ta mercadotecnia personal.
Francois (Daniel Auteuil) es todo un magnate en el negocio de obras de arte; en una subasta adquiere una costosa vasija griega que representa la amistad entre Aquiles y Patroclo; Catherine (Julie Gayet), su socia, le recrimina no tener amigos y apuesta el cacharro griego si no le presenta a un "mejor amigo" en el plazo de 10 dias.
Pertenece a ese club Bill Clinton e ingresara al mismo Hillary cuando sea ex presidenta, mientras que Monica Lewisnky ha de ser socia de numero: 69.
These issues, the counci promises, will not only include public and private sector housing but the availability of employment opportunities, skills and educational achievement, transport links, service availability and issues of crime and socia cohesion.