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What does collectivism mean?

Looking for the meaning or definition of the word collectivism? Here's what it means.

Noun
  1. An economic system in which the means of production and distribution are owned and controlled by the people collectively
  2. The practice or principle of giving a group priority over each individual in it.
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It was a nightmare world in which human individuality was subsumed under the might of totalitarian collectivism.
Likewise, the polar opposite of collectivism, capitalism, could be twisted in a similar method.
Where is the new thinking on questions of individualism, collectivism, consumerism, choice and equity?
Many of the wartime controls and the apparatus of state collectivism disappeared as if they had never been.
They believed that these residual symbols were embers of a totalitarian collectivism that also lay smoldering in the socialist state.
But both extremes, rugged individualism and ruthless collectivism, are unbalanced and destructive.

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