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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
What else can I help you with?
Which country used zero fighters during world war 2?
Japan .
Which country used the sherman tank during World War 2?
US, UK and USSR
Is Uruguay a third world country?
Yes, Costa Rica is a third world country. The term was coined during the cold war as a description of Countries that did not follow the concepts of capitalism (The First World) or Socialism (The Second World). However, those terms are no longer commonly used. Instead, Costa Rica is considered a developing country. Meaning they have a middle income economy but they are progressing.
Was Japanese money issued during the Japanese occupation could be used after World War 2?
Yes, because it is the country is ruled by another country.
What country invented the first tank?
Tanks were first developed and used in combat by the British during World War I
What soccer rules are used during world cup matches that is which country's rules?
The rules for football are made by F.I.F.A.
Which country used submarines in world war 1?
Britain, France, Germany, Italy and USA all used submarines during WW1
Where was socialism used?
Russian's land
Is Venezuela a mixed economy?
South America has a mixed economy mainly because of Brazil. Argentina used to be one of the richest nations in the world but then embraced socialism. It is fast becoming a third world country depending totally on agricultural exports. Chile is a question mark. It has features of a first world country but not all features. It has something of a mixed economy but still has a great dependence on its mines.
When was the term socialism first used?
1954
Is Ukraine considered a third world country?
No, Ukraine is not considered a third world country. The term "third world" was historically used to refer to countries that were not aligned with NATO or the Communist bloc during the Cold War. Ukraine is categorized as a "developing country" or an "emerging economy" in modern terms.
What is definition of market socialism?
market socialism is a term used to denote two different economic system based in socialism which operate according tomarket priniciples.
