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state socialism

/steɪt ˈsəʊʃəlɪzəm/

1 entry

phrase

/steɪt ˈsəʊʃəlɪzəm/C1formalpolitical
  • ruПолитическая и экономическая система, при которой государство контролирует и управляет средствами производства, распределением и ключевыми отраслями промышленности, стремясь достичь социалистических целей через централизованное государственное планирование, а не через рабочее самоуправление или рыночные механизмы.

A political and economic system where the state controls and manages the means of production, distribution, and key industries, aiming to achieve socialist goals through centralized government planning rather than through worker ownership or market mechanisms.

  1. Economic and political systemC1formal

    A form of socialism where the state owns and controls the means of production and distribution of goods, often with centralized planning.

    ruГосударственный социализм

    • State socialism was implemented in several Eastern European countries during the 20th century.
    • Under state socialism, the government sets production targets and prices.
    • Critics argue that state socialism can lead to inefficiency and lack of innovation.