Distant socialist with no yen for revolution (6)
I believe the answer is:
yonder
'distant' is the definition.
(similar in meaning)
'socialist with no yen for revolution' is the wordplay.
'socialist' becomes 'red' (socialism is often associated with the colour red).
'with' says to put letters next to each other.
'yen' becomes 'y' (resembles the symbol for the currency of Japan).
'for revolution' says the letters should be written backwards (letters revolve back).
'red'+'no'+'y'='rednoy'
'rednoy' written backwards gives 'YONDER'.
(Other definitions for yonder that I've seen before include "to place indicated" , "In that direction" , "At a distance but in sight" , "Rodney (anag.)" , "Over there, of old." .)