- North Korea
- Venezuela
- Cuba
- China
- India
- Vietnam
NOTE: I would argue that China is more of a Communist country than a Socialist country but it is listed as a Socialist country....
In each of these countries do their citizen have the FREEDOM that has been afforded to all citizens of the USA?
The answer is NO...
In each of the countries do their citizens enjoy:
- the best medical care
- the best educational programs
- the best recreational programs
- the best entertainment programs
- the best military protection
- the best religious freedoms
- the best economic opportunities
- the best quality of life
- the best housing available
According to Investopedia:
Capitalism and socialism are economic systems that countries use to manage their economic resources and regulate their means of production.
Capitalism and socialism are economic systems that countries use to manage their economic resources and regulate their means of production.
Capitalism is based on individual initiative and favors market mechanisms over government intervention, while socialism is based on government planning and limitations on private control of resources.
Socialism needs Capitalism in order to exist... but, at some point-in-time, Capitalism is going to find that Socialism encourages unproductive employees... While Amazon and Ebay and Google think that they have excellent employees, the services and extras provided by those companies will eventually wear thin and they will start balking at the amount of work that is facing them, especially when employees cannot really be fired...
There is no competition in Socialism and competition drives capitalism...
While China is considered to be Socialistic, it is still controlled by the COMMUNIST PARTY and even China is discovering that Capitalism helps their economy more than Socialism as they make a bid to replace the USA as the global leader militarily and economically.
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