Word of the Week 10-27-08: Socialism

Wednesday, October 29th, 2008
at 9:41am

I’m a few days late with this one due to a World of Warcraft habit that has returned.

This word has been bantered about in the media a lot in recent weeks and it occured to me that people may not know what exactly it means. mattb4rd 

Word of the Week: Socialism:

-Noun

1. a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole.

2. procedure or practice in accordance with this theory.

3. (in Marxist theory) the stage following capitalism in the transition of a society to communism, characterized by the imperfect implementation of collectivist principles.

Source:

American Psychological Association (APA):

socialism. (n.d.). Dictionary.com Unabridged (v 1.1). Retrieved October 29, 2008, from Dictionary.com website: http://dictionary.reference.com/browse/socialism

Chicago Manual Style (CMS):

socialism. Dictionary.com. Dictionary.com Unabridged (v 1.1). Random House, Inc. http://dictionary.reference.com/browse/socialism (accessed: October 29, 2008).

Modern Language Association (MLA):

“socialism.” Dictionary.com Unabridged (v 1.1). Random House, Inc. 29 Oct. 2008. <Dictionary.com http://dictionary.reference.com/browse/socialism>.
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