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 ?
(6) Des '[...] Kampf[es] der revolutionaren Krafte in Dresden fur Fortschritt und Sozialismus, gegen Reaktion, Imperialismus und Krieg' (Leucht 1969: 164).
(28) Ver el plan de la obra en el Archivo IOS en el Instituto Internacional de Historia Social de Amsterdam (SAI-Archiv 340 Plan 'Handbuch des Sozialismus und der Arbeiterbewegung'.
(53.) Kessler, "Sozialismus und Zionismus in Deutschland
(13.) According to the formulation in the Communique for Youth in Staatsrat der Deutschen Demokratischen Republik 1963, Der Jugend Vertrauen und Verantwortung beim umfassenden Aufbau des Sozialismus!, Berlin Staatsverlag der DDR (1963, 12).
Minsk--Musterstadt des Sozialismus. Stadtplannung und Urbanisierung in der Sowjetunion nach 1945.
And in August 1989, in the run-up to the 40th anniversary of the GDR, the same Honecker even rhymed: 'Den Sozialismus in seinem Lauf halten weder Ochs noch Esel auf' ('Neither an ox nor a donkey is able to stop the progress of socialism').
Broad segments of German society reacted to this event with comments such as "Sowas kommt von sowas" (roughly: "what goes around comes around," whereby the speaker expresses sympathy for something unnamed, yet understood, while distancing himself or herself from it), a saying that the PDS (Partei des demokratischen Sozialismus, the Leftist party that evolved from the ruling East German SED, the Sozialistische Einheitspartei Deutschlands, now called "Die Linke" [the left]), even used as a slogan.
Freier Sozialismus. Heidelberg: Verlag Lambert Schneider, 1946.
"Naturwissenschaft und Sozialismus: Tendenzen der Naturwissenschafts-Rezeption in der deutschen Arbeiterbewegung des 19.
Karl Marx schuf aus dieser Entwicklung heraus die gegensatzliche Theorie des Kommunismus mit der damit verbundenen Planwirtschaft, die auch uberall da, wo sie versucht wurde, im Vorstadium des Sozialismus steckengeblieben und letztendlich gescheitert ist.
Marx's and Engels' use of the term wissenschaftliche Sozialismus (always translated as 'scientific socialism') should undoubtedly be more accurately translated as 'socialist theory'.