SOCIALISM

an ideology which calls for state or government ownership and control of all the means of production and distribution. There is no private enterprise.

a theory or policy of social organization which aims at or advocates the ownership and control of the means of production, capital, land, property, etc., by the community as a whole, and their administration or distribution in the interests of all. —SHSBC Binder 7 Approved Glossary, —SHSBC Binder 6 Approved Glossary, —OT 6 - Rudiments, Valences Approved April 1991, —Melbourne Congress Approved Glossary (2.4.92), —SHSBC Binder 4 Approved Glossary, —SHSBC Binder 25 Approved Glossary, —SHSBC Binder 32 Approved Glossary, —Intro to Scn Ethics Glossary (app. 14.7.90), —Academy Level II Glossary, —Ability Congress Approved Glossary, —OEC - The Five Conditions App Mar 91, —HEV Approved Glossary

a theory or policy of social organization which aims at or advocates the ownership and control of the means of production, capital, land, property, etc., by the community as a whole, and their administration or distribution in the interests of all. The formula of economics in Das Kapital is "From each according to his ability to pay and to each according to his need." Socialism.

a theory or policy of social organization which aims at or advocates the ownership and control of the means of production, capital, land, property, etc., by the community as a whole, and their administration or distribution in the interests of all. The formula of economics in Das Kapital is "From each according to his ability to pay and to each according to his need." Socialism.