- socialism - a political theory advocating state ownership of industry
--1 is a kind of political orientation, ideology, political theory
--1 has particulars: Fabianism; guild socialism; utopian socialism- socialism, socialist economy - an economic system based on state ownership of capital
--2 is a kind of managed economy
Antonyms: capitalism, capitalist economy
--2 has particulars:communism; International; Nazism, Naziism, national socialism - socialism, socialist economy - an economic system based on state ownership of capital