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What are the differences between a socialist regime and a capitalist regime?
Wiki User
∙ 14y ago
A capitalist regime is one in which there is little governmental interference with the economic sphere and citizens possess complete economic freedom. Socialism is the midway point between capitalism and communism. Socialist regimes are when the government has control over certain industries, like the medical field, steel manufacturing, or oil drilling. Socialist regimes also employ measures to minimize poverty and promote equality, like welfare programs, often at the expense of the more economically successful.
Wiki User
∙ 14y ago
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