Leftists like using new words to try and spew their propaganda. ‘Investments’ for government spending, ‘gun violence’ for gun control, Republicans who disagree with Obama’s policies are ‘tea party extremists’ etc. But little known is the term of collectivism that Obama spoke of yesterday in his inaugural speech.
Collectivism is synonymous with socialism or specifically Leninism. According to Wikipedia, Collectivism has also been used to refer to totalitarian nationalism, monarchy and communism.
If you want to read about it at Wikipedia, I suggest you do so now before someone scrubs it.