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   socialism

   /ˈsəʊʃəlɪz(ə)m/

   noun

   • 1. a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole: "we want a real democratic and pluralist left party—one which unites all those who believe in socialism"
   • ▪ policy or practice based on the political and economic theory of socialism: "the debate over whether to move away from free markets and toward socialism"
   • ▪ (in Marxist theory) a transitional social state between the overthrow of capitalism and the realization of Communism: "socialism is the first stage of the worldwide transition to communism"

   Word Origin early 19th century: from French socialisme, from social (see social).

   Scrabble Points: 13

   • S

     1

   • O

     1

   • C

     3

   • I

     1

   • A

     1

   • L

     1

   • I

     1

   • S

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   • M

     3

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