from The Century Dictionary.
- noun A scheme of government which favors the enlargement of the functions of the state as the best way to introduce the reforms urged by socialists for the amelioration of the poorer classes, as the nationalization of land, state banks where credit shall be given to laboring men, etc.
from the GNU version of the Collaborative International Dictionary of English.
- 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.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- noun an economic system in which the government owns most means of production but some degree of private capitalism is allowed
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