Table of Contents
Marxist–Leninist states
| Country | Since | Party |
|---|---|---|
| People’s Republic of China | 1 October 1949 | Communist Party of China |
| Republic of Cuba | 1 January 1959 | Communist Party of Cuba |
| Lao People’s Democratic Republic | 2 December 1975 | Lao People’s Revolutionary Party |
| Socialist Republic of Vietnam | 2 September 1945 | Communist Party of Vietnam |
What is the best economic system?
Capitalism is the greatest economic system because it has numerous benefits and creates multiple opportunities for individuals in society. Some of these benefits include producing wealth and innovation, improving the lives of individuals, and giving power to the people.
The main difference is that under communism, most property and economic resources are owned and controlled by the state (rather than individual citizens); under socialism, all citizens share equally in economic resources as allocated by a democratically-elected government.
Is socialism good or bad?
Is socialism bad? From the sweeping success of many existing social programs (dealing with a wide range of concerns including retirement, healthcare, food, housing, energy, education, childcare, farming, and others), the answer, apparently, is no for most Americans. But why are new social programs unpopular today?
Anyone can pursue their own self-interest, and there are good arguments for, say, joining a union based on what it will do for you personally. But socialism means rejecting the idea, pushed by people like Milton Friedman and Ayn Rand, that being primarily concerned with one’s own self-interest is acceptable.
Why do millennials support socialism?
Millennials support socialism because they want to make America great — but for everyone. The next generation of socialists believes that the intolerable cannot be tolerated. And if you believe
Apparently, to adopt a social democratic system like that in the Nordic counties, you need a trust level above 80\%. With a trust level under 50\% now, America simply doesn’t have the necessary social foundation for socialism.