| 1. | a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole. |
| 2. | procedure or practice in accordance with this theory. |
| 3. | (in Marxist theory) the stage following capitalism in the transition of a society to communism, characterized by the imperfect implementation of collectivist principles. Thanks to the people who voted in obama we are now headed down this path. |
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