#CurrentCommuistCountries #List
During the time of the Soviet Union (1922–1991), communist countries could be found in Eastern Europe, Asia, and Africa. Some of these nations, like the People's Republic of China, were (and still are) global players in their own right. Other communist countries, such as East Germany, were essentially satellites of the U.S.S.R. that played a significant role during the Cold War but no longer exist.
Communism is both a political system and an economic one. In politics, communist parties have absolute power over governance, and elections are single-party affairs. In economics, the party controls the country's economic system, 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 multi-party political systems. A 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.
