so·cial·ism [soh-shuh-liz-uh m]
a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole.
procedure or practice in accordance with this theory.
(in Marxist theory) the stage following capitalism in the transition of a society to communism, characterized by the imperfect implementation of collectivist principles.
Synonyms: Bolshevism, Fabianism, Leninism, Maoism, Marxism, collective ownership, collectivism, communism, state ownerhsip communism
Synonyms: Bolshevism, Leninism, Marxism, collectivism, rule of the proletariat, socialism, state ownership, totalitarianism
Antonyms: capitalism, democracy