"Equality to everyone, none more rich or poor."
Socialism is an economic system characterized by social ownership of the means of production an co-operative management of the economy. Taxes are higher, and the government owns a part of every major industry.
Socialism, FAIR FREEDOM
Examples of countries that still have Socialism
- People's Republic of China-1 October 1949
- Republic of Cuba-1 July 1961
- Lao people's Democratic Republic-2 December 1975
- Socialist Republic of Vietnam-2 July 1976
laws are made by a party
The Australian Labor Party was the world's first elected socialist party when the party won the 1899 Queensland state election. Laws are legislature by the parties.
leaders for socialist?
There is no leader for socialist, only ran by the government.