Duhaime's Law Dictionary


Socialism Definition:

A form or system of government which champions the equal sharing of land and equal return of the product of the land and industry to all citizens.

Related Terms: Fascism, Communism

Socialism is said to have evolved from the industrial revolution that shook Europe in the first half of the 19th century.

Taken to be an affiliate - but distinct from the Marxist form of government and law-making (Karl Marx and Friedrich Engels, who created the concept of Marxism, called it "scientific socialism").

Bogdanor commented that the common features of socialism include:

".. condemning the concentration of wealth that was associated with capitalism.... (and) public ownership of the means of production, distribution and exchange...."

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