Socialism in Asia Introduction to Socialism Socialism, economic and social system under which essential industries and social services are publicly and cooperatively owned and democratically controlled with a view to equal opportunity and equal benefit for all. The term socialism also refers […]


Communism in Asia Socialism Socialism Compared with Communism Introduction to Communism The terms socialism and communism were once used interchangeably. Communism, however, came to designate those theories and movements that advocated the abolition of capitalism and all private profit, by […]