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There are probably no countries in the world today which could truly be called "Socialist." To be so would require that the people owned, managed, and enjoyed the earnings of all the country's industry. A rather Utopian ideal which never has occurred in the real world, although the Communist bloc pretended its countries were so organized.
Contrary to the common misconception in the USA, Sweden is not a Socialist Country. It has one of the world's oldest stock exchanges and the ownership of businesses and industry is exchanged daily and just as robustly as on the New York Stock Exchange in the USA. Except for some minor extraction industries, and some public transportation, all Swedish businesses and industry are in private hands. Current estimate would be that over 95% of industry is in private hands, which is about where it is in the USA. The major "Socialized" industry is the health care sector. While the USA has a large socialized health care sector under Medicare and medical care for members of the Military families and for Veterans, the Swedish system is more extensive. However, the USA has a larger public transit sector.
Were I asked to speculate on which European country was the most Socialist, I would guess Norway for the simple reason that a large part of its oil and gas industry is State owned. So far the profits from that industry seem to have been directed to the general welfare of the populace.
tl;dr version: Norway, Sweden, Denmark, Iceland, Finland - these countries enjoy the highest standard of living
Tomasa Okuneva
Wiki User
∙ 6y agoThere are probably no countries in the world today which could truly be called "Socialist." To be so would require that the people owned, managed, and enjoyed the earnings of all the country's industry. A rather Utopian ideal which never has occurred in the real world, although the Communist bloc pretended its countries were so organized.
Contrary to the common misconception in the USA, Sweden is not a Socialist Country. It has one of the world's oldest stock exchanges and the ownership of businesses and industry is exchanged daily and just as robustly as on the New York Stock Exchange in the USA. Except for some minor extraction industries, and some public transportation, all Swedish businesses and industry are in private hands. Current estimate would be that over 95% of industry is in private hands, which is about where it is in the USA. The major "Socialized" industry is the health care sector. While the USA has a large socialized health care sector under Medicare and medical care for members of the Military families and for Veterans, the Swedish system is more extensive. However, the USA has a larger public transit sector.
Were I asked to speculate on which European country was the most Socialist, I would guess Norway for the simple reason that a large part of its oil and gas industry is State owned. So far the profits from that industry seem to have been directed to the general welfare of the populace.
tl;dr version: Norway, Sweden, Denmark, Iceland, Finland - these countries enjoy the highest standard of living
Wiki User
∙ 12y agoThis depends on how you define socialism, which like many 'reification' words about theories has taken on all sorts of lives of its own.
It is often said that Russia was a Socialist state around the time of World War 2, though many traditional socialists will tell you that the use of money, the existence of a state and its strong authoritarian activities make this fit badly with the original definition of socialism.
The National Socialist party of Germany was said to be Socialist 'in name only', as it was essentially a Fascist regime, taking campaign contributions from wealthy Germans in return for favours once in power.
Wiki User
∙ 12y agoAll the participating countries were capitalist countries apart from the Soviet Union (USSR) which was a Communist country.
Anonymous
paulbenn
Socialism: a classless stateless society based on common ownership and production for use. It would have to exist at a global level, so there can be no such thing as a Socialist country.
paulbenn
None. Socialism is a classless stateless society with no countries or borders. The Soviet Union was an example of state capitalism.
Wiki User
∙ 12y agosoviet union and Germany
Wiki User
∙ 14y agothe soviet union
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