Antonyms for Socialist Economy A socialist economy is an economic system where the production and distribution of goods and services are regulated by the state or community. A capitalist economy, on the other hand, is a system where businesses and industries operate independently, with little or no government intervention. In a socialist economy, wealth is distributed equally among citizens, while a capitalist economy has a stratified class system with the wealthy at the top and the poor at the bottom. Other possible antonyms for a socialist economy include a free-market economy, a laissez-faire economy, and a liberal economic system. Essentially, any system that values individual freedom and minimal government intervention over communal ownership and regulation can be considered an antonym for a socialist economy.

What are the antonyms for Socialist economy?

• n.

  • group
  • capitalism
  .
  • noun
  • capitalist economy
  .

Famous quotes with Socialist economy

• But we don't have an example of a democratic society existing in a socialist economy - which is the only real alternative to capitalism in the modern world.

  Peter L. Berger
• Over the years and against conventional wisdom, utopians sustained a vision of life beyond the market. … Georg Lukács set forth a theory of the “old and new culture” in which he argued that the socialist economy was not the goal; it was simply a precondition for humanity to advance to a new and humane culture. Most radicals do not understand that political power and economic reorganization is not the end-all, stated Lukács. The goal is not a new economic order, but freedom from an obsession with economics.

  Russell Jacoby
• We Americans really seem to be the only truly non-socialist economy on earth.

  William Pfaff

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