Word of the Day – Socialism

•  Noun:  Socialism
  1.  any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods
  2. a :  a system of society or group living in which there is no private property
  3. a system or condition of society in which the means of production are owned and controlled by the state
  4. a stage of society in Marxist theory transitional between capitalism and communism and distinguished by unequal distribution of goods and pay according to work done

•  Synonyms:
  1. Marxism
  2. communism
  3. leftism
  4. social democracy
  5. Leninism
  6. progressivism
  7. syndicalism
  8. labourism
  9. Trotskyism
  10. Fabianism
• Usage:

• “On hisTalking Points Memo, Bill O’Reilly said that the conflict over ObamaCare was really a primal struggle between capitalism and socialism.”

• Encountered:
  • Over and over that Obama is a socialist and ObamaCare is Socialism

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