WordofTheDay.US

socialism

/ˈsoʊʃəlɪzəm/ noun

noun Definition from WordNet 3.1, Princeton University. Pronunciation from Wiktionary, via Kaikki.org. More about socialism at Wordnik → Where our words come from →

  1. A political theory advocating state ownership of industry.
  2. An economic system based on state ownership of capital.

Origin

Attested since 1832; either from French socialisme or from social + -ism.

From Wiktionary, via Kaikki.org (CC BY-SA)