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Socialism 1

Definition: 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.

socialism 2

Definition: a political theory advocating state ownership of industry

socialism 3

Definition: an economic system based on state ownership of capital

 

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