utopian socialism


noun

(sometimes initial capital letter) an economic system based on the premise that if capital voluntarily surrendered its ownership of the means of production to the state or the workers, unemployment and poverty would be abolished.
Compare socialism.

Origin of utopian socialism

First recorded in 1920–25

Words nearby utopian socialism

British Dictionary definitions for utopian socialism

utopian socialism

noun

(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