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1. A theory or system of social reform which contemplates a complete reconstruction of society, with a more just and equitable distribution of property and labor. In popular usage, the term is often employed to indicate any lawless, revolutionary social scheme. See Communism, Fourierism, Saint-Simonianism, forms of socialism. 2. a political theory advocating state ownership of industry 
Related wordscapitalism communism fabianism guild socialism international managed economy nazism political orientation socialist socialistic utopian socialism |
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