socialism

1. A political theory advocating state ownership of industry (synset 106230561)
   is a type of: ideology, political orientation, political theory - an orientation that characterizes the thinking of a group or nation
   subtypes:

   • fabianism - socialism to be established by gradual reforms within the law
   • guild socialism - a form of socialist theory advocating state ownership of industry but managements by guilds of workers
   • utopian socialism - socialism achieved by voluntary sacrifice
2. An economic system based on state ownership of capital (synset 108383129)
   is a type of: managed economy - a non-market economy in which government intervention is important in allocating goods and resources and determining prices
   subtypes:

   • communism - a form of socialism that abolishes private ownership
   • international - any of several international socialist organizations
   • national socialism, naziism, nazism - a form of socialism featuring racism and expansionism and obedience to a strong leader
   same as: socialist economy

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