Usually used as shorthand for Soviet Union. Shorthand is a very useful thing, whether in the syllable-conservation mode of discourse, or in Everything noding. Soviets were actually the lowest level of governance in that far-flung union of socialist&republics; I guess the translation would be something akin to "local council", government on a town-meeting scale. There were "worker's soviets", i.e. organization at the farm/factory level. Great "small is beautiful" democracy. On paper.