Socialism Meaning and Definition
Socialism
Pronunciation
/səˈsɪəlɪzəm/
Part of Speech
Noun
Definition
A political and economic theory of social organization that advocates for the common ownership and democratic control of means of production and distribution, and the creation of a classless, stateless, and equal society.
Examples
- The socialist movement aims to create a more equal society.
- Many countries are adopting socialist policies to reduce income inequality.
Synonyms
- Communism
- Capitalism
Antonyms
- Capitalism
- Liberalism
Etymology
The word “socialism” was coined in the mid-19th century by French philosopher Pierre Leroux.
Usage Notes
When referring to socialist ideologies, use the term “socialism” to describe the political and economic theories, and “socialist” to describe the adherents.
Cultural References
Socialism has been referenced in various works of literature, such as in the novels “The Grapes of Wrath” by John Steinbeck and “As I Lay Dying” by William Faulkner, and in films like “The Battle of Algiers”
Idiomatic Expressions or Phrases
“Socialism for the rich” refers to a situation where the benefits of socialism are only available to a select group, typically the wealthy.
Related Words or Phrases
- Marxism
- Liberalism
- Capitalism
Collocations
- Socialism and equality
- Socialism and inequality
- Socialism and capitalism
Frequency of Use
Socialism is frequently discussed in the context of modern politics and economics, with a significant increase in usage in recent years.
Common Misspellings
- Socialismo
- Socialisim
- Socialysm