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/steɪt sˈoʊʃəlˌɪzəm/ Listen

State socialism

noun

An economic system in which the government owns most means of production but some degree of private capitalism is allowed.

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"State socialism" Quotes from Famous Books

... tendency to aggrandise the functions of the State and to look to State aid or State control rather than individual or co-operative effort as the remedy of every evil. Social questions have assumed a greater prominence in politics; and, with the lowering of the franchise, the vague State Socialism, which, in different degrees, pervades most working-class politics, has given a bias to both parties in the State. It has become prominent in every election and has produced ...

— Historical and Political Essays • William Edward Hartpole Lecky

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Words linked to "State socialism" : economy, economic system