Socialism
from Fancyclopedia 2 ca. 1959
This word denotes any of a wide range of ideas, but the central notion is collective ownership and control of the major vital industries. Income proportionate to one's actual contribution is usually a feature. Ownership and control by the government, the consumers, or labor-management unions may be contemplated (these are state socialism, cooperatives, and syndicalism or guild socialism, respectively). The US Socialist Party, to which several liberal fans of old belonged (apparently none today do) opposed the use of force to change the system (as by revolution) and insisted on a legal, evolutionary change. Early stf prophesied future collectivist or socialist societies, but since about 1948 warning against the evils of statism in such a setup has been more prevalent in our whitherings.
from Fancyclopedia 1 ca. 1944
The word denotes a wide range of ideas, but the central thing is collective ownership and control of the major vital industries. Income proportionate to one's actual contribution is usually a feature. Ownership and control may be either by the government (state socialism), by the consumers (co-operatives), or by labor-management unions (guild socialism, syndicalism). The Socialist Party of the US, to which several liberal fans belong, opposes the use of force to change the system, as by revolution, and insists on a legal, evolutionary change. Lowndes has said "I will acknowledge as a 'socialist' only those who # 'realize fully that the class struggle leads inevitably to the revolutionary dictatorship of the proletariat.'", but he is obviously defining Marxism, not socialism.