answersLogoWhite

0

Yes and no. Though Germany has a capitalist economy it holds many socialist ideals on things such as healthcare. They are currently a Federal Republic I believe and use Representative Democracy comparable to that of the English Constitutional Monarchy. European countries have Socialist political parties but are very moderate compared to the socialism protrayed by Stalon and the red boys. A good example of socialism exsisting in a capitialist country is Canada and it's healthcare system which under Obama America has begun to nearly match. I except to see a socialist party to form in America as well due to these changes and the support of many college kids around the States. But remember that socialist healthcare and socialist economy are two completely different things. Socialism as a whole has it's good and bad just like any other system, a bad is typically it's economic system a plus would be the government paying for a taking care of things like healthcare and schooling (that's right they will pay you through college for as long as you choose to be in school) but with that comes high taxes which people typically frown upon. It's important to keep an open-mind when thinking about socialist ideals despite what Fox News and professional cry baby/Propaganda expert Bill O'Rilley tell you, some are good and work better than the current state of things. Hope that helped answer your question. I tend to go a liltle overboard but it's important to know the difference.

User Avatar

Wiki User

14y ago

What else can I help you with?

Trending Questions
What are the advantages and disadvantages of trying to plan and predict what people will demand and allocating a country's resources on that basis? Which is true when a budget deficit exists? Why fiscal policy has a multiplied effect on natural incme? What producers provide only a service? How does the greater elasticity of supply and demand for a good impact its market dynamics and pricing? Is capitalism an ideology? What is the economic system based on the law of supply and demand during the cold war? What do economists mean when they say firms are searching for a new equilibrium? What inspires consumer confidence increases purchases and speeds up the flow of investment and wages in the circular flow of the remarked system? Which two important economic activities in the west are possible because of the United State natural resources? What is the basic coordinating mechanism is a free market system? How can one learn to use spread betting shares to increase income? When one is poor compared to the standards of living of most people the person experiences? What was the Dow Jones on Jan 20 2009? What was the growth of the service economy caused? What are the three most important economic consequences of consumerism? How does scarcity affect a persons wants and needs? Why not might people want to buy fair trade products? What is the difference between project economic and financial analysis? Can you help You List as many businesses as you can that are in each what sectors of production primary secondary tertiary and quarternary?