utopian socialism

utopian socialism

n

(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, the Welsh industrialist and social reformer (1771-1858), Johann Gottlieb Fichte, the German philosopher (1762-1814), and others Compare scientific socialism

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utopian 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

Thesaurus

Noun

1.

utopian socialism - socialism achieved by voluntary sacrifice socialism - a political theory advocating state ownership of industry