Apr 18 Word of the Day
Joe: my mom died yesterday

John: bruuhh

Joe: Yo my mom just won million dollars

John: bRuHhh

Joe: my mom made dinner for us
John: bruh
by I eat forks with noodles October 30, 2019
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Socialism is when the government does stuff, and the more stuff the government does, the more socialism you got. And if the government does a REAL lotta stuff, it's communism
by Donna tramp January 16, 2021
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1. An economic system where the means of production, distribution and exchange is determined by the state/public sector in some form. Can be centralised, decentralised, democratic or undemocratic.

2. Description of a left-wing political position between social democracy (general acceptance of the market economy but thinks the public sector has a vital role in proividing some goods and services) and communism (marxism). Agrees in the state determining the means of production, distribution and exchange but wants to bring that about peacefully and democratically.

3. General description of the left: the belief that individuals should be judged on how they treat other people rather than on their job/race/sexuality, that people should have equality of opportunity, that in principle wealth should be distributed fairly to everyone who works rather than the minority who own most of the economy and most of the wealth and that an economy owned by a few individuals without a strong public sector to balance that is undemocratic and unjust.

4. A stage in history defined by Marx's theories as coming after capitlalism and before communism where the means of production is owned by the state and run in the interests of the proletariat.

5. A label used by various Marxist-Leninist dictatorships with state-run economies in the 20th Century to justify their totalitarianism.
All marxists are socialists but not all socialists are marxists.
by Skitali March 03, 2004
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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
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(n.)
A political philosophy based on the belief that some or all businesses should be run solely for the benefit of the people using them.

Socialism and Communism are based on similar principles. Socialism does not require that a socialized industry be legally owned by the government, but if that were the case it could still be considered socialism. In the strictest sense, Communism prohibits private ownership of money, business, or goods, while Socialism may or may not on a case by case basis. The two can therefore resemble each other and it can be hard to distinguish one from the other.
In a Communist country, I worked in a deli owned by the government and was paid a fixed salary by the government.

In another country's socialized medical system, I am a doctor, own my office, and pay my own salary out of my business account, but legally have no right to decide how to run any aspect of my business. I can't change my prices, deny service to anyone, or increase my own salary.
by ed July 25, 2004
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A word many would do well to look up in an actual FUCKING dictionary.

NOT Communism.

Socialism can be seen in many Western European countries working very well.

It involves being taxed proportionally to how much you earn, a free, or semi-subsidised health service, a minimum wage, decent social security and many many other benefits to society.
Many American's instantly rubbish socialism becuase during the cold war their government and education system brainwashed them into believing that Socialism=Communism.

These same Americans now find themselves unable to pay for medical treatment and having to work 3 jobs in order to stay above the poverty line.

Remember kids, Socialsm DOES NOT EQUAL Communism.
by Mad FUCKING Wullie June 04, 2004
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