socialism

IPA: sˈoʊʃʌɫɪzʌm

Any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods.
A system of social and economic equality in which there is no private property.
A system or condition of society in which the means of production are owned and controlled by the state.
(Marxism-Leninism) The intermediate phase of social development between capitalism and communism in Marxist theory in which the state has control of the means of production.
Any of a group of later political philosophies such democratic socialism and social democracy which do not envisage the need for full state ownership of the means of production nor transition to full communism, and which are typically based on principles of community decision making, social equality and the avoidance of economic and social exclusion, with economic policy giving first preference to community goals over individual ones.
(chiefly Western, often derogatory, colloquial) Any left-wing ideology, government regulations, or policies promoting a welfare state, nationalisation, etc.

Examples of "socialism" in Sentences

Now it appears the word socialism is a code word for black.
In the US the term socialism is only used to describe some programs.
You need to drop the label socialism unless you want to put that label on everyone who has been in power.
First, people in the room responded to the use of the term socialism, as it is used a part of a witch hunt.
Jonah Goldberg makes several good points about the term socialism and its application to the economic and political situations we now face.
Leaving aside the probable fact that Pat has little understanding of the history of the term socialism or socialist movements, this is merely an easy judgment called the “wisdom” of God.
They use the term "socialism" as a pejorative to describe this government activity as an erosion of traditional capitalism and warn investors about the perils of investing in an increasingly socialist economy.