Sri Lanka is governed by a “semi-presidential system” which means that the president is sharing the management of the state’s … But as economist Omar Zambrano has argued, the country has experienced a spectacular run of economic growth and poverty reduction with no hint of the chaos that has plagued Venezuela. Reality and Truth. Overview. ... President Donald Trump became the latest in a long line of US politicians to declare that “America will never be a socialist country Socialist countries are those countries that have associated themselves with Socialism. Bolivia is nowhere near as “militant” as Venezuela when it comes to enforcing socialist policies. As of 2015, there are only four countries in the world that formally identify themselves as socialist: China, Cuba, Vietnam and Laos. According to the constitution of the Democratic Socialist Republic of Sri Lanka, human rights and equality are granted to the country’s people. But when we look at countries that actually have a socialist economic structure, we can see some similarities to the United States; but there are some really stark differences. Countries that are still socialist today. But to be sure, this statement is simply untrue. Self-identification is the only criterion used by the list, therefore it includes all countries that have claimed to be socialist, even if their claims are disputed.All countries that have not claimed to be socialist are excluded, even in cases where certain outside observers regarded those countries as socialist. Clearly, a socialist country should perform poorly in any ranking based on these principles. New Zealand may not be a socialist country, but the welfare system in the country is very wide ranging, offering support for housing, unemployment, health, child care, and education as well. Ever since the Peoples' Republic of China invited foreign capital into the country and behind the "Bamboo Curtain", China has been dismissed by most Left observers as selling out to capitalism and class society, with all its associated evils. We need you to answer this question! Socialism refers to a broad spectrum of economic systems in which property and wealth are shared equitably. Aug 21, 2019. If you know the answer to this question, please register to join our limited beta program and start the conversation right now! Canada is more socialist than the United States, but by and large, classifying Canada as a socialist country requires a very narrow definition of what socialism is. Switzerland is a prime example of a capitalist country that has some … Can you list a single successful Socialist country? Socialism refers to a broad spectrum of economic systems in which property and wealth are shared equitably.