Collectivism

[kə'lektɪvɪz(ə)m] or [kə'lɛktɪvɪzəm]

(noun.) a political theory that the people should own the means of production.

Checker: Ramona--From WordNet

(n.) The doctrine that land and capital should be owned by society collectively or as a whole; communism.

Checked by Gilbert

Typist: Wesley