socialism

noun
so·​cial·​ism | \ ˈsō-shə-ˌli-zəm How to pronounce socialism (audio) \

Definition of socialism

1 : any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods
2a : a system of society or group living in which there is no private property
b : a system or condition of society in which the means of production are owned and controlled by the state
3 : a stage of society in Marxist theory transitional between capitalism and communism and distinguished by unequal distribution of goods and pay according to work done

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Socialism vs. Social Democracy: Usage Guide

In the many years since socialism entered English around 1830, it has acquired several different meanings. It refers to a system of social organization in which private property and the distribution of income are subject to social control, but the conception of that control has varied, and the term has been interpreted in widely diverging ways, ranging from statist to libertarian, from Marxist to liberal. In the modern era, "pure" socialism has been seen only rarely and usually briefly in a few Communist regimes. Far more common are systems of social democracy, now often referred to as democratic socialism, in which extensive state regulation, with limited state ownership, has been employed by democratically elected governments (as in Sweden and Denmark) in the belief that it produces a fair distribution of income without impairing economic growth.

Communism, Socialism, Capitalism, and Democracy

Communism, socialism, capitalism, and democracy are all among our top all-time lookups, and user comments suggest that this is because they are complex, abstract terms often used in opaque ways. They're frequently compared and contrasted, with communism sometimes equated with socialism, and democracy and capitalism frequently linked.

Part of the confusion stems from the fact that the word communism has been applied to varying political systems over time. When it was first used in English prose in the mid-19th century, communism referred to an economic and political theory that advocated the elimination of private property and the common sharing of all resources among a group of people; in this use, it was often used interchangeably with the word socialism by 19th-century writers.

The differences between communism and socialism are still debated, but generally English speakers use communism to talk about the political and economic ideologies that find their origin in Karl Marx’s theory of revolutionary socialism, which advocates a proletariat overthrow of capitalist structures within a society; societal and communal ownership and governance of the means of production; and the eventual establishment of a classless society. The most well-known expression of Marx’s theories is the 20th-century Bolshevism of the U.S.S.R., in which the state, through a single authoritarian party, controlled a society’s economic and social activities with the goal of realizing Marx’s theories. Socialism, meanwhile, is most often used in modern English to refer to a system of social organization in which private property and the distribution of income are subject to social control. (The term is also often used in the phrase democratic socialism, which is discussed here.)

Communism and socialism are both frequently contrasted with capitalism and democracy, though these can be false equivalencies depending on the usage. Capitalism refers to an economic system in which a society’s means of production are held by private individuals or organizations, not the government, and where products, prices, and the distribution of goods are determined mainly by competition in a free market. As an economic system, it can be contrasted with the economic system of communism, though as we have noted, the word communism is used of both political and economic systems. Democracy refers not to an economic system but to a system of government in which supreme power is vested in the people and exercised through a system of direct or indirect representation which is decided through periodic free elections. (For discussion about whether the United States is accurately described as a democracy or as a republic, see the article here.)

Readers should consult the individual entries for a full treatment of the various ways in which each of these four words is used.

Examples of socialism in a Sentence

She is quite right, for example, to stress that Thatcher's crusade against socialism was not merely about economic efficiency and prosperity but that above all, "it was that socialism itself—in all its incarnations, wherever and however it was applied—was morally corrupting." — Stephen Pollard, New York Times Book Review, 18 Jan. 2009 Lenin's great genius, of course, was for ideology, which was redefined all too often to support the tactical requirements of the moment. But owing to his fanatical conviction of his own righteousness, especially where socialism was concerned, and also to the Promethean force of his will, his pronouncements were enshrined by his followers as universal truths. — Michael Scammell, New Republic, 20 Dec. 1999
Recent Examples on the Web But their socialism and cancel culture will not heal America. Tyler Van Dyke, Washington Examiner, "'I'm in': Sarah Sanders announces bid for Arkansas governor," 25 Jan. 2021 Trump did well among segments of the population, including the South Florida immigrant communities opposed to the tilt by some in the party toward socialism and parts of South Texas, where rural communities tend to be socially conservative. Michael Scherer, Anchorage Daily News, "Democrats see grim prospects in final election results despite Biden’s win," 26 Dec. 2020 America has experienced surges of mainstream anarchism, socialism, and communism, most profoundly during the late 19th century, amid the Great Depression, during the Soviet-American alliance of World War II and afterward, and in the 1960s. Victor Davis Hanson, National Review, "Where Did the New Mad Left Come From?," 15 Dec. 2020 Sullivan framed the 5th District race as a war against socialism and Marxism. Daniela Altimari, courant.com, "5th Congressional debate reveals sharp differences between Rep. Jahana Hayes and GOP challenger David X. Sullivan," 6 Oct. 2020 Accusations of treason and socialism are commonplace. Anchorage Daily News, "A day before Capitol attack, pro-Trump crowd stormed meeting, threatened officials in rural California," 11 Jan. 2021 Many establishment and centrist Democrats said that term, in addition to Democrats being linked to socialism, cost them House seats in the general election. Rebecca Morin, USA TODAY, "Progressives are pushing for a bold Biden agenda. They might have to work around Congress to do it.," 29 Nov. 2020 During a press conference on Monday, McAdams said Democrats will have to appeal more to centrist voters and acknowledged that Owens's campaign had strong messaging tying Democrats to socialism. Mica Soellner, Washington Examiner, "Rep. Ben McAdams concedes to Burgess Owens in close Utah race," 16 Nov. 2020 Salazar, a former Spanish television newscaster, persistently tied Shalala and Democrats to socialism during the campaign and even in her winning remarks. Aaron Navarro, CBS News, "Democrats "devastated" and reflective after House GOP exceeds expectations," 7 Nov. 2020

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'socialism.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of socialism

1833, in the meaning defined at sense 1

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Time Traveler for socialism

Time Traveler

The first known use of socialism was in 1833

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Statistics for socialism

Last Updated

22 Feb 2021

Cite this Entry

“Socialism.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/socialism. Accessed 1 Mar. 2021.

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More Definitions for socialism

socialism

noun

English Language Learners Definition of socialism

: a way of organizing a society in which major industries are owned and controlled by the government rather than by individual people and companies

socialism

noun
so·​cial·​ism | \ ˈsō-shə-ˌli-zəm How to pronounce socialism (audio) \

Kids Definition of socialism

: a social system or theory in which the government owns and controls the means of production (as factories) and distribution of goods

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Comments on socialism

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