The name was thus first applied in England to Owen’s theory of social
reconstruction, and in France to those also of Saint-Simon and Fourier.
The best usage has always connected it with the views of these men, and
with the cognate opinions which have since appeared. But the word is
used with a great variety of meaning, not only in popular speech and by
politicians, but even by economists and learned critics of socialism.
There is a growing tendency to regard as socialistic any interference
with property undertaken by society on behalf of the poor, the
limitation of the principle of _laissez-faire_ in favour of the
suffering classes, radical social reform which disturbs the present
system of private property as regulated by free competition. It is
probable enough that the word will be permanently used to express the
change in practice and opinion indicated by these phrases, as a general
name for the strong reaction that has now set in against the
overstrained individualism and one-sided freedom which date from the end
of the eighteenth century. The application is neither precise nor
accurate; but it is use and wont that determine the meaning of words,
and this seems to be the tendency of use and wont.
Even economic writers differ greatly in the meaning they attach to the
word. As socialism has been most powerful and most studied on the
Continent, it may be interesting to compare the definitions given by
some leading French and German economists. The great German economist
Roscher defines it as including ‘those tendencies which demand a greater
regard for the common weal than consists with human nature.’[2] Adolf
Held says that ‘we may define as socialistic every tendency which
demands the subordination of the individual will to the community.’[3]
Janet more precisely defines it as follows: ‘We call socialism every
doctrine which teaches that the State has a right to correct the
inequality of wealth which exists among men, and to legally establish
the balance by taking from those who have too much in order to give to
those who have not enough, and that in a permanent manner, and not in
such and such a particular case—a famine, for instance, a public
calamity, etc.’[4] Laveleye explains it thus: ‘In the first place, every
socialistic doctrine aims at introducing greater equality in social
conditions; and in the second place, at realising those reforms by the
law or the State.’[5] Von Scheel simply defines it as the ‘economic
philosophy of the suffering classes.’[6]
Public-domain text, read in full here on John Shaqi.
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