socialism
/ˈsəʊʃəlɪzəm/3 senses across 1 part of speech
noun
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Any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods.
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The intermediate phase of social development between capitalism and communism in Marxist theory in which the state has control of the means of production.
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Any left-wing ideology, government regulations, or policies promoting a welfare state, nationalisation, etc.