Socialism
Matt Copeland 3B
Creation and Spread
The founding of Socialism is credited to the philosipher Robert Owen. He believed that the government should have some control over the economy, yet the citizens still had basic rights and freedoms. Socialist economies exist on the fact the governments determine the sole business thus eliminating competition and lowering prices.
The Mixed Economy
Socialism is a medium between the extremes of communism and the unrealistic qualities of capitalism. Many countries walk the line between capitalism and socialism in a system known as a mixed economy.
Finland
Finland is often considered one of the most socialistic countries in the world. It has had involvements with the Russian Federation and other extreme socialist groups.
Sweden
Sweden, like most of Scandinavia, is regarded as a socialist economy. The Nordic model democracy regulates many government interventions including welfare and social security.
Canada
Canada is not as commonly recognized as a true socialist state. It is an example of a mixed economy. With influences such as the U.S. and France, the mixed economy is a happy medium.