What countries still use Socialism today?
What countries still use Socialism today?
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 |
Why did socialism fail in America?
Socialism always fails when the input falls below the output, which it always does when there is no incentive to be productive. In America, today, there is much wealth to redistribute, but you cannot redistribute wealth when there is no more wealth to steal.
Will the United States be dominated by socialism in January?
Socialist-oriented candidates scored a number of impressive victories in the recent Democratic primary contests. The presidential candidate of the party that they dominate is considerably ahead in the polls. There is a very real possibility that the United States may be dominated by those favoring socialism as early as this coming January.
What are the pros and cons of socialism?
Socialism provides no incentive to be productive. Under socialism, all citizens (all who are not in power) share equally in output, regardless of input. Most Americans already have no desire to be productive. 14. For a great many Americans, the path of least resistance is the path most desired.
What happened to Scandinavian socialism?
Or that all of the Scandinavian countries have pulled back from their quasi-socialist experiments during the 1970s, and are instead now cutting government spending growth, privatizing social security, reducing their once-generous welfare programs, lowering taxes, and pursuing free-market policies in general. Don’t take our word for it.