Socialism
Merriam-Webster Online Dictionary
socialism (noun)1.
any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods
2.
a) a system of or group living in which there is no private property - society
b) a system or condition of society in which the means of production are owned and controlled by the state
3.
a stage of society in theory transitional between and and distinguished by unequal distribution of goods and pay according to work done - Marxist capitalism communism