Socialism is an economic-political system in which the “good” of the collective is more important than the “good” of the individual. Socialists argue that this is the best way to organize society ...

said socialism is an economic system blending capitalist and communist ideas. “Sometimes people call it a mixed economy,” Gopinath said. “There’s some amount of state or social control of the means of ...

RELATED: Fellow Millenials: Don’t Be Deceived by Democratic Socialism Moreover, under any economic system, those costs are either going to be paid or there are not going to be any colleges.

A social security system, suited to China’s situation, for both rural and urban residents shall be worked out so as to promote overall economic development and ensure social stability.

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.

Opinions expressed by Forbes Contributors are their own. Teresa Ghilarducci Ph.D. is an Economics Professor. Some Democratic candidates are running (and occasionally winning) as Democratic Socialists.

Capitalism close capitalismAn economic system based on privately owned, as opposed to state-controlled, businesses and the creation of profit. is a social and economic system in which the means ...

A new study highlights growing public support in the United States for eco-social policies designed to address the ...

The most devastating rebuttal of socialism–eclipsing all the evils and failures of the capitalist system–is that it just does not work; for which the prime evidence is the (alleged) dismal performance ...