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Related to Socialist ideologies: Communist Ideology


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.


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.
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In fact, all ILM affiliated political parties had well defined socialist ideologies -- some moderate some extreme -- which most of the time, were faithfully and zealously observed by the leaders in their various activities.
Eventually, after a complicated legal process, the Histadrut changed its name and became formally the New Histadrut, a Trade Unions Federation, completely different in scope and structure from the old one, quite detached from the original socialist ideologies of the labour movement's founding fathers.

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