The socialist countries now are China, Cuba, North Korea, and Vietnam, four countries where the ruling party is the ****ing Communist Party.
Difference between capitalism and socialism:
Capitalism is capitalism in which capital is the main body, and this system in which capital is the main body is respecting capital and property as privately owned, and no one is allowed to appropriated it illegally, which is the meaning of private property, private property is the most important and the most main content of capitalism, and without private property, it cannot be called capitalism. Capitalism requires the respective roles and values of different capitals on different resources to promote social development.
A socialist state, by general definition, is a state practicing a socialist system or a state practicing a socialist ideology. In terms of economic sociology ideology advocates or promotes the idea that the whole society as a whole owns and controls products, capital, land, assets, etc., and that their management and distribution is based on the public interest.