What is the biggest difference between a socialist country and a communist country?
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.
What countries have some form of socialism?
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 kind of economy does Cuba have?
The economy of Cuba is a mostly command economy dominated by state-run enterprises. The government of Cuba owns and operates most industries and most of the labor force is employed by the state.
What exactly is Scandinavian socialism?
Scandinavian “socialism” is capitalism with a strong democracy and a universal welfare state. Scandinavian countries actually have low levels of government intervention in commerce and industry.
What is social socialism?
Socialism is an economic and political ideology concerned with greater equality of distribution and proposing solutions which involve greater co-operation and social solutions. Socialism is often associated with the concept of state ownership of the means of production.
What type of government does Scandinavia have?
Scandinavia countries are considered social democracies Democratic socialism —a hybrid of capitalism and socialism—describes the governing model of Scandinavian nations. The term “The Nordic Model” refers to the specific form of democratic socialism practiced in Norway, Denmark, Sweden, Finland, and Iceland.
What is the difference between South American socialism and right wing socialism?
Right wing parties in Scandinavian countries support their social model just as much as left wing parties do, so it remains a consistent feature of their societies. South American “socialism” is usually a very direct attempt to correct economic inequalities by redistribution or other kinds of direct state intervention.