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socialism

Definition of socialism (English)

noun

  1. a political theory advocating state ownership of industry
    sumber: wordnet30
  2. an economic system based on state ownership of capital
    sumber: wordnet30
  3. A theory or system of social reform which contemplates a complete reconstruction of society, with a more just and equitable distribution of property and labor. In popular usage, the term is often employed to indicate any lawless, revolutionary social scheme. See Communism, Fourierism, Saint- Simonianism, forms of socialism.
    sumber: webster1913