utopian socialism

utopian socialism Word Origin noun

1. (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 British Dictionary definitions for utopian socialism utopian socialism noun

1. (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 othersCompare scientific socialism