FABISM Meaning and
Definition
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Fabism is a term used to describe a particular economic theory or philosophy that advocates for the abolition of private property and the establishment of a communal or collective ownership system. It is a form of utopian socialism that aims to create a society where wealth and resources are shared equitably among all members, regardless of their individual contributions or abilities.
Derived from the word "fabianism," which is a socialist doctrine that promotes gradual or evolutionary change rather than revolutionary tactics, fabism takes these principles further by emphasizing the complete eradication of private property rights. Proponents of fabism argue that this system would eliminate class divisions, exploitation, and social inequality, while promoting cooperation and harmony among individuals.
In a fabist society, the means of production, such as factories, land, and natural resources, would be collectively owned and controlled by the community. This would ensure that the benefits generated from these resources are distributed equally among all members, guaranteeing a fair and just society. Fabism envisions a centralized economic planning system to ensure coordination and efficiency, aiming to meet the needs of all members rather than promoting profit-driven motives.
It is important to note that fabism is often considered an idealistic concept or an intellectual curiosity, as it has not been widely implemented or tested in practical settings. Nonetheless, the idea of fabism has influenced numerous debates and discussions related to economic systems and the distribution of wealth.
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A practical medical dictionary. By Stedman, Thomas Lathrop. Published 1920.
Common Misspellings for FABISM
- FAbSIM
- dabism
- fzbism
- fsbism
- fwbism
- fqbism
- fahism
- fabusm
- fabjsm
- fabksm
- fabosm
- fab9sm
- fab8sm
- fabizm
- fabixm
- fabidm
- fabiwm
- fabisk
- fabisj
- dfabism
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