Top Definition
An economic/government system in which the government, which is elected by the people with a specific term (Refering to amount of time, not pronoun), owns the larger industrial buisnesses. It could work, particularly if the government specifically owns raw material development, so the prices for independant manufactures would be low as a result of lack of competition, which would allow the manufactures to pass the savings onto the retailers. Also, the advent of machines could allow more or less everyone to have pleasureable jobs.
Sweden is a quasi-democractic socialism.
by PoptartKing September 11, 2003
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