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collectivism (n.)

1880, in socialist theory, "the principle of centralization of social and economic power in the people collectively" (opposed to individualism), from collective + -ism. Related: Collectivist (1882 as both noun and adjective); collectivization (1890).

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Definitions of collectivism from WordNet

collectivism (n.)
Soviet communism;
Synonyms: Bolshevism / sovietism
collectivism (n.)
a political theory that the people should own the means of production;
From wordnet.princeton.edu