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The simplest definition for socialism is this: democratic workers' ownership and management of the means of production.

Notice, that this does not imply a state. The comparison between communism and socialism is an erroneous one, as communism refers to a theoretical future society - a classless, stateless society in which the economy and society is run generally of the line of "From each according to their ability, to each according their need , and socialism to an economic system
Socialism or barbarism!
by Llanganati November 23, 2014
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Libertarian socialism: The common ownership & self-management of the means of production

State socialism: State ownership and management of the means of production (operated for social benefit)

Free-market capitalism: Private ownership and management of the means of production

State Capitalism (Communism): State ownership and management of the means of production (operated for profit)
While often described as an example of socialism, the Soviet Union operated on state capitalism
by RevolutionaryWolf May 15, 2015
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The liberals' dream, but the liberals never really get what they want. Take the US victory over Saddam's regime.
by Alex April 20, 2003
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the system wherin the shiftless and naive come to witness the horrer of their own invention.
1: Just because I'm not a brain surgion who invested decades of his life to learning shouldnt mean he should make more than me!

2: Just because I lived in my parents basement till I was 36 years old smokin dope with my high school buddies does'nt mean I should be denied the full spectrum of the benefits the stinking rich fucks get!

3:Eat the rich!

4:Free stuff for everyone!, no one need work!, the capitolist scum will support us!, money flows from the tree of socialism like sap!
by stevej05 May 20, 2008
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Obama's double-standard plan of action to take money from high class whites and give to the lower class, despite the hard work put into earning it. This tactic was also used by communist theoretician Vladimir Lenin (Leader of the Russian Revolution and founder of the Bolsheviks), and also loosely portrayed by German Economist Karl Marx. Generally a term that should be loathed, but is unfortunately visible in America's near future.
Obama's subtle allusions to socialism should raise a red flags in the mind of any smart, aware, worthy American
by right-wing conservative May 14, 2009
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