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Related to utopian socialism: Scientific Socialism, Fabian socialism
(Government, Politics & Diplomacy) (sometimes capitals) socialism established by the peaceful surrender of the means of production by capitalists moved by moral persuasion, example, etc: the form of socialism advocated by Robert Owen, Fichte, and others. Compare scientific socialism
an economie theory based on the premise that voluntary surrender by capital of the means of production would bring about the end of poverty and unemployment. Cf. socialism.See also: Politics