INSTEAD OF A BOOK.
of which Liberty is largely indebted to the industry of Comrade Trinkaus.
Stormonth's Dictionary of the English Language:
That system which has for its object the reconstruction of society on the basis of a community of property, and association instead of competition in every branch of human industry; communion.
The science of reconstructing society on entirely new bases, by substituting the principle of association for that of competition in every branch of human industry.
In the various forms under which society has existed, private property, individual industry and enterprise, and the right of marriage and the family have been recognized. Of late years several schemes of social arrangement have been proposed, in which one or all of these principles have been abandoned or modified. These schemes may be comprehended under the general term Socialism.
Allgemeine deutsche Real-Encyklopädie:
The body of teachings developed into a system which aim at removing the evils of existing society by the establishment of a social order based on a new distribution of wealth, labor, and industry, and thereby creating the lasting welfare of all, but especially of the classes without capital, within a general grand development of humanity.
A term which is practically synonymous with Communism, though, strictly speaking, there is distinction between the two words, which is explained in the article "Communism."
Communism means the negation of private property; it describes a society in which the land and instruments of production would be held as joint property and used for the common account, industry being regulated by a magistrate, and the produce being publicly divided in equal shares, or according to wants, or on some other principle of distributive justice.
Socialism does not necessarily involve the abolition of private property; it merely insists … that the land and instruments of production should be the property of the association or government.
A theory or system of social reform which contemplates a complete reconstruction of society, with a more just and equitable distribution of labor.
Socialism, in general, may be described as that movement which seeks by economic changes to destroy the existing inequalities of the world's social conditions.… Into all Socialistic schemes the idea of governmental change enters, with this radical difference, however: some Socialists rely upon the final abolition of existing forms of government and seek the establishment of a pure democracy, while others insist upon giving to government a paternal form, thus increasing its function instead of diminishing it.