1. The political philosophy that the means of production should be owned by the working public rather than individuals. This can be interpreted in a vast number of ways. For instance, the public may own property through the government or through various workers' organizations.
Socialism is not social democracy (socialism has nothing to do with taxing people or pouring money into welfare programs). Nor is socialism necessarily communism (many socialists believe in the right to personal property and not in the redistribution of income).
To put it briefly: socialism is the idea that those who work to create a profit should receive it. You can make money by working but not by exploiting others.
2. The extension of democratic ideals into the economy.
Socialism is not social democracy (socialism has nothing to do with taxing people or pouring money into welfare programs). Nor is socialism necessarily communism (many socialists believe in the right to personal property and not in the redistribution of income).
To put it briefly: socialism is the idea that those who work to create a profit should receive it. You can make money by working but not by exploiting others.
2. The extension of democratic ideals into the economy.
by Coffee Eyes June 19, 2008
Get the Socialism mug.When some iPhone
by hobobillybobjoe March 17, 2021
Get the Socialism mug.Related Words
An economic policy that takes from the people and gives to corporations.
This is the ideological opposite of a Democratic Socialist, that keeps a free-market economy but with strong efficient social safety nets.
A Corporate Socialist ultimately wants to make sure that the vast majority >99% of created wealth continues to go to large corporations.
This is the ideological opposite of a Democratic Socialist, that keeps a free-market economy but with strong efficient social safety nets.
A Corporate Socialist ultimately wants to make sure that the vast majority >99% of created wealth continues to go to large corporations.
Corporate Socialism is executive bonuses and stock buybacks for large corporations.
Democratic Socialism is investing in your people for a better, stronger, and cheaper future.
US President 45 is a corporate socialist.
Democratic Socialism is investing in your people for a better, stronger, and cheaper future.
US President 45 is a corporate socialist.
by Togi2351 March 8, 2020
Get the corporate socialism mug.A rank in many modern militaries, especially the United States military, that is above private 1st class and below corporal (Army) in some instances.
by Nicolaivich January 19, 2004
Get the specialist mug.A socio-economic system where every worker-citizen is "equal." A decent theory on paper, but difficult to implement in the "real world."
During the cold war there was a massive amount of propoganda against socialism spread by conservatives who didn't want to lose their control over business and government.
by deleted_scenes July 30, 2003
Get the socialism mug.Introduced on Yaggu Front's "Secret Tapes", the Tek Specialists were a hip hop group that released Future Shock and then disappeared. Even google can't find those cats.
This is a Tek Specialist preview. Please do not copy this preview in anyway. It is protected by the Tek Specialist audio tracking network. This is your only warning
"Damn! These cats are dope. Where did the Tek Specialists disappear to?"
"Damn! These cats are dope. Where did the Tek Specialists disappear to?"
by 9i9i9i9i9i April 24, 2010
Get the Tek Specialists mug.Send that fucking playground extraction specialist to the woodchiper
STAB STAB STAB STAB STAAAAAAAAAB take that you fucking playground extraction specialist
STAB STAB STAB STAB STAAAAAAAAAB take that you fucking playground extraction specialist
by Jd_fan October 6, 2023
Get the Playground extraction specialist mug.