Dr Kynes
Well-Known Member
Dictionarius Confundus!!!
so·cial·ism (s
2. The stage in Marxist-Leninist theory intermediate between capitalism and communism, in which collective ownership of the economy under the dictatorship of the proletariat has not yet been successfully achieved.
~ American Heritage Dictionary
socialism [ˈsəʊʃəˌlɪzəm]n1. (Economics) an economic theory or system in which the means of production, distribution, and exchange are owned by the community collectively, usually through the state. It is characterized by production for use rather than profit, by equality of individual wealth, by the absence of competitive economic activity, and, usually, by government determination of investment, prices, and production levels Compare capitalism
2. (Government, Politics & Diplomacy) any of various social or political theories or movements in which the common welfare is to be achieved through the establishment of a socialist economic system
3. (Government, Politics & Diplomacy) (in Leninist theory) a transitional stage after the proletarian revolution in the development of a society from capitalism to communism: characterized by the distribution of income according to work rather than need
~Collins English Dictionary
n. 1. a theory or system of social organization in which the means of production and distribution of goods are owned and controlled collectively or by the government.
2. (in Marxist theory) the stage following capitalism in the transition of a society to communism, characterized by the imperfect implementation of collectivist principles.
~Websters College Dictionary
socialism1. a theory or system of social organization advocating placing the ownership and control of capital, land, and means of production in the community as a whole. Cf. utopian socialism.
2. the procedures and practices based upon this theory.
3. Marxist theory. the first stage in the transition from capitalism to communism, marked by imperfect realizations of collectivist principles. — socialist, n., adj. — socialistic, adj.
courtesy of http://www.thefreedictionary.com/socialism
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