socialism

(redirected from Socialists)
Also found in: Dictionary, Thesaurus, Legal, Encyclopedia.

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 ?
The event, called the Socialism 2017 conference, was advertised as one for "students, trade unionists, Corbynistas, socialists and those who are socialist-curious".
If the socialists would join politics, he (Duterte) would jump to their party, he said.
Continue reading "The Democratic Socialists of America Vote For BDS, Forget Their History" at.
The leadership of Spain's Socialists meet on Sunday to decide whether to enable their conservative rivals to form a minority government, thereby ending ten months of political deadlock.
A FORMER Labour MP expelled from the party who now leads Coventry's Socialists has welcomed the re-election of Jeremy Corbyn.
After the Strasbourg Stramash, the SNP duo did attend a later session as guests - but their application to be socialists will be reconsidered by the group's bureau.
The leader of the S&D group in the European Parliament Hannes Swoboda is in Sofia to talk with Party of European Socialists and Bulgarian Socialist Party leader Sergey Stanishev.
For the European Socialists, if German Chancellor Angela Merkel (EPP-CDU) decided to organise a summit on this problem, on 3 July in Berlin, with several European leaders, including French President Francois Hollande, "it is solely for electoral reasons" (ahead of the 22 September federal elections), complained a spokesman for the Party of European Socialists, which met on 27 June outside the European Council that opened the same evening.
Summary: In his first reaction to the election of Socialist Francois Holland as France's new President, the Moroccan Minister of Foreign Affairs and Cooperation, Saad Eddin El Otmani told the Casablanca-based Radio Plus that the French-Moroccan relations will not be affected by the arrival of the socialists to power in France.
A source in the Independent's Party told ASHARQ AL AWSAT that Socialist Union and Socialists Progress both have yet to make a decision, and that reports one way or the other are simply rumors spread by other parties who have found themselves isolated by the election results.
Summary: MADRID, Jumada II 24, 1432 / May 27, 2011, SPA -- Spain&'s Prime Minister Jose Luis Rodriguez Zapatero proposed Deputy Prime Minister Alfredo Perez Rubalcaba as the candidate to lead the ruling Socialists (PSOE) into the 2012 general elections, Reuters quoted media reports as saying on Friday.
Head of the Progressive Alliance of Socialists and Democrats at the