« Back to Glossary Index
Categories: Economics & Finance
A kibbutz is an Israeli commune, or intentional community.
In the early days, kibbutzim held fast to socialist ideals. There was no private property, not even tools or clothing, all work was shared, and land was owned communally. The bulk of the work was agricultural.
Today, most kibbutzim are no longer strictly socialist, though they do retain many communal aspects.
(read more: http://www.wisegeek.com/what-is-a-kibbutz.htm)
