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

Socialism is an economic theory that stresses the ownership of means of production by society instead of private individuals. The […] In this article, we take a look at 15 socialist countries ...

Home; World News; in depth Countries that are still socialist today. Debate over the pros and cons of the centuries-old economic system has seen its definition get lost in translation ...

Finland is another Nordic country on the list of 15 Socialist countries that have succeeded. Finland’s economy is characterized by Nordic Model and has high levels of socialism in its economy.

Communist countries, such as China, North Korea, and Cuba, tend toward socialism, while Western European countries favor capitalist economies and try to chart a middle course.

Besides abolishing profit (and other unearned incomes), socialist countries also abolish rent and interest. A socialist economy is a democratic economy. Because socialist economies do not have ...

But in truth, socialism has failed in every country in which it has been tried, ... Israel, India, and the United Kingdom all adopted socialism as an economic model following World War II.

Clearly, a socialist country should perform poorly in any ranking based on these principles. What we find, however, is the Nordic countries rank quite high on this index of economic freedom.

Following World War II, the Labour Party of the United Kingdom got its opportunity to put this idea into practice, and that country fell into economic stagnation. Socialism Mach 4. This version of ...

Venezuela’s economy has been in decline for a long time now, but a spate of recent news articles highlights how bad the situation has become. The Atlantic magazine has a list of vivid anecdot… ...