A political theory advocating state ownership of industry

An economic system based on state ownership of capital

The socialist mode of production, sometimes referred to as the communist mode of production, or simply socialism or communism as Karl Marx and Friedrich Engels used the terms communism and socialism interchangeably, is a specific historical phase of economic development and its corresponding set of social relations that emerge from capitalism in the schema of historical materialism within Marxist theory.

Red-baiting, also known as reductio ad Stalinum and red-tagging, is an intention to discredit the validity of a political opponent and the opponent's logical argument by accusing, denouncing, attacking, or persecuting the target individual or group as anarchist, communist, Marxist, socialist, Stalinist, or fellow travelers towards these ideologies.

Socialism is a social and economic system characterised by social ownership and democratic control of the means of production.

Socialism: An Economic and Sociological Analysis is a book by Austrian School economist and Classically Liberal thinker[1] Ludwig von Mises, first published in German by Gustav Fischer Verlag in Jena in 1922 under the title Die Gemeinwirtschaft: Untersuchungen über den Sozialismus.