'State socialism' definitions:
Definition of 'state socialism'
(from WordNet)
noun
An economic system in which the government owns most means of production but some degree of private capitalism is allowed
Definition of 'State socialism'
From: GCIDE
- State socialism \State socialism\ A form of socialism, esp. advocated in Germany, which, while retaining the right of private property and the institution of the family and other features of the present form of the state, would intervene by various measures intended to give or maintain equality of opportunity, as compulsory state insurance, old-age pensions, etc., answering closely to socialism of the chair. [Webster 1913 Suppl.]