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    Socialism

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    sam cadley
    Socialism refers to a system where the production and distribution of goods and services is shared. It is based on principles of collectivism rather than private ownership. Countries that have declared themselves socialist in their constitutions or names include Algeria, India, Tanzania, Angola, Portugal, Bangladesh, and Sri Lanka. Examples of socialist policies and programs within countries include universal healthcare, public education, and state-run economies.

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    Socialism

    Uploaded by

    sam cadley
    36 views2 pages
    Socialism refers to a system where the production and distribution of goods and services is shared. It is based on principles of collectivism rather than private ownership. Countries that have declared themselves socialist in their constitutions or names include Algeria, India, Tanzania, Angola, Portugal, Bangladesh, and Sri Lanka. Examples of socialist policies and programs within countries include universal healthcare, public education, and state-run economies.

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    Socialism refers to a system where the production and distribution of goods and services is shared. It is based on principles of collectivism rather than private ownership. Countries that have declared themselves socialist in their constitutions or names include Algeria, India, Tanzania, Angola, Portugal, Bangladesh, and Sri Lanka. Examples of socialist policies and programs within countries include universal healthcare, public education, and state-run economies.

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    36 views2 pages

    Socialism

    Uploaded by

    sam cadley
    Socialism refers to a system where the production and distribution of goods and services is shared. It is based on principles of collectivism rather than private ownership. Countries that have declared themselves socialist in their constitutions or names include Algeria, India, Tanzania, Angola, Portugal, Bangladesh, and Sri Lanka. Examples of socialist policies and programs within countries include universal healthcare, public education, and state-run economies.

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    Examples of Socialism

    The term socialism refers to any system in which the production and distribution of


    goods and services is a shared responsibility of a group of people. Socialism is based
    upon economic and political theories that advocate for collectivism. In a state of
    socialism, there is no privately owned property.

    Understanding Socialism
    In theories developed by Karl Marx, socialism is the transitional period between
    capitalism and communism.

    Socialism can exist within countries as an overall economic system or within factions
    thereof such as corporations, healthcare, public education, and education.

    Countries cannot be wholly defined as socialist if they have not declared themselves as
    such in a constitution or through their national name. Throughout history socialism may
    have been practiced in many countries but the country itself has not been labeled as
    socialist.

    Countries Declared As Socialist


     People's Democratic Republic of Algeria
     Republic of India
     United Republic of Tanzania
     Republic of Angola
     Portuguese Republic
     People's Republic of Bangladesh
     Democratic Socialist Republic of Sri Lanka
     Cooperative Republic of Guyana
     Republic of Mozambique

    Other Examples of Socialism


    Socialism within a country's economic systems, healthcare, education, corporations or
    other factions exist in these examples:

     The Mondragon Corporation, a federation of co-ops that currently employs


    85,066 people. It is in the Basque region.
     A bakery pays all staff the same amount of money based on the profitability of
    the business. Workers vote to make business decisions.
     The former Soviet Union is an example of a socialist system.
     Cuba is an example of a socialist nation. Its economy is state run and it lacks a
    stock exchange. Healthcare and education are all completely managed and
    administered by the government.
     The country of North Korea is a socialist state, lacking a stock exchange,
    supporting many social programs, and the economy is state-run.
     Vietnam's economy is largely state-run and can therefore be considered to be
    following socialist policies.
     China has elements of socialism that remain despite having eliminated socialized
    healthcare. The economy is still state-run.
     Venezuela's government provides myriad social programs and can be
    considered a socialist state.
     Syria's economy can be considered socialist as their healthcare is a universal
    program and their economy is run by the state.
     Laos has many ties with other socialist states and runs the majority of the
    economy.
     Sweden's healthcare is a socialized program. Education in Sweden is also part of
    a socialist policy which provides government funded and administered education at all
    levels to citizens.
     Belarus has some remnants of socialism in its state policies with an economy
    that is still entirely state-run.
     Zambia's media is considered socialist as it is state-run. Zambia's healthcare is
    also universal and therefore an example of socialism.
     Turkmenistan is a strong example of socialism with energy subsidized by the
    government, many housing subsidies and an economy that is largely state run.
     Many people use the term socialism to describe behavior in which a government
    takes on a larger role in the economy. For example, many opponents claim that
    President Barack Obama is a socialist because he takes the position that the
    government should be involved in many aspects of people's lives and because he
    believes that people have a shared responsibility to each other.
    The term is not always used accurately and it is very helpful for people to have some
    actual examples of socialism in order to get a clear picture of this economic theory.

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