Sentences with phrase «socialist economy»

In fact, there are very few socialist economies in the world in the sense of opposing private enterprise as in workers owning the means of production.

Neither we nor those we have quoted are advocates of a command or state socialist economy.

The failure of socialist economy in Eastern Europe should not hinder Christians from looking for an alternative to the prevailing world economic system.

Beijing wrapped up a meeting of top Communist Party economic leaders Wednesday by endorsing a document entitled «Xi Jinping Thought on Socialist Economy with Chinese Characteristics.»

Although it maintains that religion will gradually disappear as China's socialist economy more and more meets the material needs of its people, it concedes that this process will take a very long time.

Socialist economies did not even have to pay a tax overhead, because socialist states were self - supporting through their own enterprise.

The ruling party also said it «will concentrate all efforts on building a powerful socialist economy,» KCNA reported, indicating Kim will put more emphasis on economic improvement than on the development of nuclear weapons.

When Ronald Reagan took office in 1981, the huge populations of China and the Soviet Union had communist political economies, and India was governed under a mildly socialist economy.

Full socialist economies, without exception, involve governments that are undemocratic — «despotic», according to our earlier definition.

Political correctness is an elaborate effort of cultural engineering that's doomed to fail, just as socialist economies failed.

Socialist economies tend to also be free market economies.

Von Mises demonstrated that socialist economies depend on capitalist economies to determine what prices should be assigned to goods and services.

In his 1922 book, Socialism, Ludwig von Mises spelled out the reasons why, most notably the problem of «economic calculation» in a planned socialist economy.

For some countries, such as Romania, this has been a radical proposition, not least because the starting point was very much to the very left of the spectrum of socialist economies, with very little to no private business activity and private ownership scaled back to the bare minimum.

I can understand a socialist economy having trouble producing decent cars or computers.

This misperception is also linked to negative opinions associated with Chinese investment in Canada, as Canadians who overestimated the value of this investment were more likely to say Canada was allowing «too much» investment from the socialist economy.

For one thing, socialist economies had no interest to pay.

That is a fate which a socialist economy must avoid at all costs.

Since the 1990s, Madagascar has moved away from its socialist economy and has seen steady improvements.

Einstein idealistically proposed the establishment of a socialist economy as a solution to dealing with technological unemployment.

The former calls into service two time - tested claims of capitalism's defenders: (1) that the free market yields greater efficiency and productivity than socialist economies, and (2) that it results in greater freedom.

Socialist economies?

A socialist economy fit comfortably into this scheme, while laissez - faire capitalism led to a situation where, Rauschenbusch said, «the larger part of the members are, through solidarity, caged to be eaten by the rest and suffer what is both unjust and useless.»

True, Cuba still clings to the tatters of a socialist economy, while grudgingly and slyly slipping into capitalist gear.

But, save one notable exception, the policy prescriptions made by the bishops are either accepted uncritically or criticized for not going far enough in suggesting redistributive plans for alleviating poverty (at least two contributors explicitly advocate a socialist economy).

But we don't have an example of a democratic society existing in a socialist economy — which is the only real alternative to capitalism in the modern world.

Interesting bit of history - when the socialist economy of the USSR started crumbling in the 80's, the first private enterprises allowed were so called «cooperatives» - which in fact were limited private companies.

Mr Kim reportedly pledged to «concentrate all efforts» on developing a socialist economy during Friday's meeting.

Given that China still claims to be a socialist economy and Western countries do not, it is hardly surprising that China is more willing and able to enact such policies.

It therefore makes sense that nations, such as Cuba and Venezuela, that have a socialist economy rely more heavily on price controls.

We already have a socialist economy.

Economic problems in Venezuela, which began due to the fall of oil prices and the socialist economy put in place by former President Hugo Chavez, have caused protests to emerge all over the country.