Socialism is an economic-political system in which the “good” of the collective is more important than the “good” of the individual. Socialists argue that this is the best way to organize society ...

RELATED: Fellow Millenials: Don’t Be Deceived by Democratic Socialism Moreover, under any economic system, those costs are either going to be paid or there are not going to be any colleges.

A social security system, suited to China’s situation, for both rural and urban residents shall be worked out so as to promote overall economic development and ensure social stability.

Now China has transformed its planned economy system into an initial socialist market economy system. As a result the regulatory function of the market has been strengthened tremendously.

President Donald Trump's mass deportation plans could have a significant economic side effect: draining Social Security ...

Opinions expressed by Forbes Contributors are their own. Teresa Ghilarducci Ph.D. is an Economics Professor. Some Democratic candidates are running (and occasionally winning) as Democratic Socialists.

Capitalism close capitalismAn economic system based on privately owned, as opposed to state-controlled, businesses and the creation of profit. is a social and economic system in which the means ...