Most Recent & Current Communist Nations In The World

Communism is both a political system and an economic one. Communist parties have absolute power over governance, and elections are single-party affairs. The party controls the economic system as well, and private ownership is illegal, although this facet of communist rule has changed in some countries like China.By contrast, socialist nations are generally democratic with multiparty political systems. The Socialist Party does not have to be in power for socialist principles, such as a strong social safety net and government ownership of key industries and infrastructure, to be part of a nation's domestic agenda. Unlike communism, private ownership is encouraged in most socialist nations.