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Grammar Thesaurus. Word Lists. Choose your language. My word lists. Fidel Castro Ruz Cuban socialist leader who overthrew a dictator in and established a Marxist socialist state in Cuba born in United States labor leader and militant socialist who was one of the founders of the Industrial Workers of the World United States socialist who was a candidate for president six times 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 midth 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. 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. 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. These example sentences are selected automatically from various online news sources to reflect current usage of the word 'socialism.
Send us feedback. See more words from the same year. Sanders said his former opponent would nominate justices prepared to overturn Citizens United. Accessed 12 Nov. It focuses on transforming the inside of enterprises: from top-down hierarchies, where a capitalist or a state board of directors makes all the key enterprise decisions, to a worker cooperative, where all employees have equal, democratic rights to make those decisions, thereby becoming—collectively—their own employer.
As leader of the Soviet Union, Lenin once said that socialism was a goal, not yet an achieved reality. Thus, it was—to a certain extent—capitalist. In effect, he offered Soviet state capitalism as if it were the model for socialism worldwide. Of course, this required obscuring or denying that 1 dictatorships have often existed in capitalist societies and 2 socialisms have often existed without dictatorships.
After initially copying the Soviet model, China changed its development strategy to embrace instead a state-supervised mix of state and private capitalism focused on exports. In exchange, foreign capitalists would partner with Chinese state or private capitalists, share technology, and integrate Chinese output into global wholesale and retail trade systems.
As capitalism emerged from feudalism in Europe in the 19th century, it advocated liberty, equality, fraternity, and democracy. When those promises failed to materialize, many became anti-capitalist and found their way to socialism. Experiments in constructing post-capitalist, socialist systems in the 20th century especially in the Soviet Union and China eventually incurred similar criticisms. Those systems, critics held, had more in common with capitalism than partisans of either system understood.
Self-critical socialists produced a different narrative based on the failures common to both systems. The U. Thus, what collapsed in was Soviet State capitalism, not socialism.
Moreover, what soared after was another kind of state capitalism in China. These included the Social Security system, the first federal unemployment compensation system, the first federal minimum wage, and a mass federal jobs program. In response to this radical program, FDR was reelected three times. His radical programs were conceived and pushed politically from below by a coalition of communists, socialists, and labor unionists. He had not been a radical Democrat before his election.
The wartime alliance of the U. After its economic crash, capitalism was badly discredited. The unprecedented political power of a surging U. Private capitalists and the Republican Party responded with a commitment to undo the New Deal.
Anti-communism quickly became the strategic battering ram. Joseph McCarthy.
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