Now China has transformed its planned economy system into an initial socialist market economy system. As a result the regulatory function of the market has been strengthened tremendously.

On the other hand, countries with free-market economies tend to be free in other ways, too. Of course, when Bernie and his followers talk about socialism, they don’t really want to turn the U.S ...

That class had insisted that socialism worked and that no one would be poor and no one would be rich, a great equalizer. The professor then said ok, we will have an experiment in this class on ...

A growing number of people throughout the world, especially younger generations, now believe that socialism is a viable political, economic, and social model. This is particularly true in the United ...

Socialism is a political and economic theory of social organisation that advocates for the means of production, distribution, ...

Meeting under the theme of “Solidarity, democracy, discipline, renovation” the party renewed its commitment to advancing Vietnamese living standards and continuing the construction of a ...

A long-serving Doncaster market trader has accused the “socialist” council of destroying their livelihood – after reportedly being told to slash the size of their stall by “more than half.” ...

It proved the Marxist thesis that socialism wasn’t meant to be built on the base of a backward economy. But no one among China’s leaders had enough stature to challenge Mao’s directives not ...