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by ws66 2275 days ago
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1 comments

The real and only definition, where the government controls the market and no capitalism exists.
Nothing about the workers owning the means of production?
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It depends on how much of the market they control and how it's controlled and distributed.

Simply having a universal healthcare system and high taxes doesn't make you a socialist country if you still have economic freedom in every other industry.

I can't give you a percentage, but if your government is starting to take over many industries, I'd say it's going down the socialist path. Generally inefficiencies in one industry lead the government to take over others to sustain itself.