How Do Countries Use The Socialist Economy?
By social ownership and by democratic control of the means of production
In China the government manages and controls the economy. Many of the companies are owned and run by the government.
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Countries That Use Socialism
- The roots of socialism in America can be traced to the arrival of German immigrants in the 1850's when Marxian socialist unions began to form.
- Socialism literally sprang from observing the success of capitalism, while believing that conditions for workers could be improved if the control of production were moved from capitalists to the state.