Socialism

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.

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....”

REFERENCES:

• Bogdanor, Vernon, The Blackwell Encyclopedia of Political Science (Oxford, Blackwell Publishers, 1991), p. 578-579
• Duhaime, Lloyd, International Law Dictionary
• Duhaime, Lloyd, Legal Definition of Communism
• Duhaime, Lloyd, Legal Definition of Government
• McLean, I., and McMillan, A., Oxford Concise Dictionary of Politics, (Oxford: Oxford University Press, 2003), p. 337-338.