Socialism ...

Socialism
Main Entry: so·cial·ism
Pronunciation: \ˈsō-shə-ˌli-zəm\
Function: noun

1 : any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods
2 : 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
Via - Merriam-Webster

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