SOCIALISM • FREE TRANSLATOR.ORG • Definition of Socialism

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/sˈoʊʃəlˌɪzəm/ Listen

Socialism

noun

A political theory advocating state ownership of industry.

An economic system based on state ownership of capital. Synonym: socialist economy. Antonym: capitalism.

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"Socialism" Quotes from Famous Books

... they haven't got the third eye of wisdom; they can't see that the shoemaker is always going to want all he can get for a pair of shoes and always going to pay as little as he can for his suit of clothes, socialism or no socialism. ...

— The Wrong Twin • Harry Leon Wilson

... discontented brute that drifts into Socialism and all manner of wickedness," he thought. "The rascal must be muzzled once for all, and as a friend to the community I shall act, not as an enemy ...

— Children of the Mist • Eden Phillpotts

... benevolence extended to all their customers they would socialise their business, conducting it for the greatest good of all society. Such a form of socialised industry, dependent upon the moral character of perishable individuals, would possess all the weaknesses charged against State socialism without any of the educative advantages or the security and stability of that system. The "captain of industry" remedy is a sentimental and not a scientific one. Once regard "sweating" as a case of arrested development ...

— The Evolution of Modern Capitalism - A Study of Machine Production • John Atkinson Hobson

... know from experience what mischief socialistic doctrines can work in a ship's forecastle—and elsewhere. Now you can go for'ard and explain to the men that if I am to remain in this ship to navigate her and to find the spot where the treasure is supposed to be, I will have no socialism aboard her. The conditions I insist on are that I am to be skipper; that I am to issue such orders as I may deem necessary for the safety of the ship and the welfare of all hands; and that I am to be obeyed without question or argument of any kind. If the men agree to those ...

— The Strange Adventures of Eric Blackburn • Harry Collingwood

... FOR STUDY.—1. What is a "tank"? What are small tanks called? 2. Define socialism; Bolsheviki. 3. On a map of Europe show Germany and her allies in black. Mark with black lines other territory held or controlled by the Central Powers at the close of 1917. 4. On a map of southern Europe show Italy's farthest advance into Austrian territory in 1917. 5. Collect pictures ...

— A School History of the Great War • Albert E. McKinley, Charles A. Coulomb, and Armand J. Gerson

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