define socialist state. with examples
Answers
The Leninist definition of a socialist state is a state representing the interests of the working class which presides over a state capitalist economy structured upon state-directed accumulation of capital with the goal of building up the country's productive forces and promoting worldwide socialist revolution while the realization of a socialist economy is held as the long-term goal.
The former Soviet Union is an example of a socialist system. Cuba is an example of a socialist nation. Its economy is state run and it lacks a stock exchange. The country of North Korea is a socialist state, lacking a stock exchange, supporting many social programs, and the economy is state-run.
A socialist state, socialist republic, or socialist country, sometimes referred to as a workers' state or workers' republic, is a sovereign state constitutionally dedicated to the establishment of socialism.