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SOCIALISM
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
A political theory advocating state ownership of industry
Classified under:
Nouns denoting cognitive processes and contents
Hypernyms ("socialism" is a kind of...):
ideology; political orientation; political theory (an orientation that characterizes the thinking of a group or nation)
Hyponyms (each of the following is a kind of "socialism"):
Fabianism (socialism to be established by gradual reforms within the law)
guild socialism (a form of socialist theory advocating state ownership of industry but managements by guilds of workers)
utopian socialism (socialism achieved by voluntary sacrifice)
Derivation:
socialist (a political advocate of socialism)
socialistic (advocating or following the socialist principles)
Sense 2
Meaning:
An economic system based on state ownership of capital
Synonyms:
socialism; socialist economy
Classified under:
Nouns denoting groupings of people or objects
Hypernyms ("socialism" is a kind of...):
managed economy (a non-market economy in which government intervention is important in allocating goods and resources and determining prices)
Hyponyms (each of the following is a kind of "socialism"):
communism (a form of socialism that abolishes private ownership)
International (any of several international socialist organizations)
national socialism; Naziism; Nazism (a form of socialism featuring racism and expansionism and obedience to a strong leader)
Antonym:
capitalism (an economic system based on private ownership of capital)
Derivation:
socialist (a political advocate of socialism)
socialistic (advocating or following the socialist principles)
Context examples:
As for me, I am an inveterate opponent of socialism just as I am an inveterate opponent of your own mongrel democracy that is nothing else than pseudo- socialism masquerading under a garb of words that will not stand the test of the dictionary.
(Martin Eden, by Jack London)
