Socialism led to a once-rich country running short on toilet paper. Capitalism has put an impoverished country on the path to ...

Socialism is an economic and political system based on public or collective ownership of the means of production and that emphasizes economic equality.

Capitalist and socialist economies are very different; capitalism relies on the markets, while socialism relies on government planning. Each system has its pros and cons.

In this article, we take a look at 15 socialist countries that have succeeded. You can skip our detailed analysis about state of socialism, and go directly to the 5 Socialist Countries that Have ...

Zohran Mamdani, a 33-year-old democratic socialist, has clinched the Democratic nomination for mayor of New York City, ...

Economics Countries With Economic Freedom Are Far Better Off Even the poorest citizens of free countries fare better than the middle classes in economically repressive nations.

All three countries tried socialism for decades, and all three finally rejected it for the simplest of reasons—it doesn’t work.

Like a contagious disease, socialism comes roaring back when people have forgotten the terrible damage it did the last time ...

Socialist countries, such as those in Scandinavia, prioritize social welfare programs, universal healthcare, and education while maintaining capitalist market economies.

Sweden has a higher proportion of billionaires than the US, but far from causing anti-capitalist backlash the supposedly socialist nation welcomes its wealthy, say Rainer Zitelmann and Anders ...