What Countries are Socialist Today

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The word socialism has been thrown around the world within a few years ago, before going to discuss the socialist countries in the world; we should understand what socialism meaning is. “It can be defined as an economic and political system which emphasizes on the means of production, distribution and exchange should be owned by the community as a whole.”  There are several kinds of socialism so it cannot be defined in a single definition. A true socialist government is same like a democracy where everyone has the right to raise his voice and he should be given the equal priority and weight. The good governments always provide more facilities to their nationalists.The countries that have declared them as socialists, they have number of similarities to the united states of America, Do you know what countries are socialist today?

List of 4 Socialist Countries Today

Rank Country Capital Socialist
Since
Party
1. china flag  China Beijing 1 October 1949 Communist Party of China
2. Cuba Flag  Cuba Havana 1 July 1961 Communist Party of Cuba
3. Laos Flag
  Laos
Vientiane 2 December 1975 Lao People’s Revolutionary Party
4. Vietnam Flag  Vietnam Hanoi 2 July 1976 Communist Party of Vietnam

 

Question of the Day

What country is the most socialist country in the world?

Ans :  At present China is the most socialist country in the world.Chinese government has well-managed and controlled its economy and the number of domestic organizations are owned and operated by its own government. According to a recent survey China’s economy has become more geared towards the capitalism, but still it is officially recognized as a socialist country. It is the most populated country in the world having more than 1.351 billion population.

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