Mediaboss Marketing

Yashveer Yadav a young and dynamic youth born on 2nd July 2004 in district Jaunpur of Uttar Pradesh, a part of the Varanasi division of Uttar Pradesh, known for its rich culture and historical significance. Yashveer has just completed his SSC in 2021, but thats not all the limiting calculus for Yashveer, since his early age Yashveer was dedicated to social media.

He is a well versed mentor of YouTube. Yashveer Yadav has a simple but compelling way to describe What Mentorship Really means? Mentorships are a relationship, like a friendship. The same way you wouldnt cold email a stranger to ask them to be your friend, you should never ask a stranger to be your mentor. Mentorships are a relationship, like a friendship.

Rags-to-riches stories inspire hope and remind even the most down-and-out dreamers that hard work, positivity and perseverance sometimes do pay off no matter how hard the road might seem. In social media and affiliate marketing culture, there is no shortage of youngsters like Yashveer with rags-to-riches backgrounds and stories of poverty, trauma and hardship that had to be overcome.

Yes through his hard work and dedication to his most loved hobby turned profession, Yashveer got financial stability at his early 17, he was formally thrilled to told that he has made 7 Lakhs in just a short period of 5months and simultaneously he motivated and helped 300 plus other youngsters to make such big figures financially with online networking.

Yashveer always supported young entrepreneurs at all times with trust and confidence and stood up for them when needed. The confidence that he created among his fellows and followers helped them deliver their best. This unfailing support bestowed upon them a responsibility to perform well. With a good professional atmosphere, Right mentor and consistency you can achieve your goals within a flash, he told.

Besides a successful social media marketing brand, Yashveer loves to spend time with his family, fans and followers helping them in their personal and professional chores. One day he will travel across the globe with his own professional circuits all over the world.

Published July 22nd, 2021

Original post:
A Tile From the wall of Affiliate and Social Media Marketing: Yashveer Yadav - Influencive

EAST HANOVER, NJ: Sour Patch Kids has more than 1 million followers on TikTok. That makes it the most-followed snack brand on the platform, according to its associate director of marketing, Mili Laddha.

The candy brand launched its TikTok page in June 2020 because thats where its core consumers were, Laddha explained. TikTok gained in popularity amid the pandemic as people were stuck in lockdown, and it ended up being the most-downloaded app of 2020, according to analytics firm App Annie.

Laddha and a brand manager handle Sour Patch Kids TikTok content, along with the agency 360i. Shelby Jacobs, social marketing and strategy manager at the agency, comes up with Sour Patch Kids TikTok strategy and content creation. Its PR partner is Ketchum.

The strategy is a mix of art and science, with the brand constantly keeping an eye on trends and consumer behaviors on TikTok.

The brand prefers putting its own Sour Patch Kids-spin on viral trends.

Last summer, a lot of people on TikTok were showing pictures of their fridges and all of the healthy foods in there, said Laddha. We had fun with that trend because we are a candy brand. So we opened our fridge and all you could see was candy.

But also Monday, Tuesday, Wednesday, Thursday, Saturday and Sunday #sourpatchkids #sourthensweet #fridayafternoonsnack #cheersmum

That video ended up as Sour Patch Kids most viewed video with 5.4 million views. It has been liked 1 million times.

TikTok has also been a useful tool for promoting brand initiatives and new products. It is also helping the brand connect with Gen Z in a meaningful way.

At the end of June, Sour Patch Kids saw a particularly big uptick in followers, 50,000, after it said it was teaming up with Twitch on a limited-edition custom mix of candy featuring Twitch creator TimTheTatman.

That was [boosted] by the fact that we were really leaning in on a Gen Z occasion, said Laddha. Gaming is huge among the Gen Z community, especially now with platforms like Twitch and influencers playing in that space.

Creating even further buzz was a fake mini feud Sour Patch Kids got into with YouTuber Markiplier. After the brands partnership with TimTheTatman was announced, Markiplier blocked Sour Patch Kids Twitter account. Evidently, he was offended the brand hadnt partnered with him as he had previously created five YouTube videos reviewing various Sour Patch Kids products.

Sour Patch Kids responded with a TikTok video stating that it does not care about hurting Markipliers feelings.

Reply to @saltonmyorange Not sorry, . #sourpatchkids #sourthensweet #sourcandy #notsorry

It was all a joke, emphasized Laddha.

The brands follower count also went up after its first freestanding store opened in New York City last summer.

With travel restrictions, a lot of people were not making their way into different parts of the country, but they could experience the store through TikTok, said Laddha.

Heaven doesnt exi- #sourpatchkids #sourpatchkidsnyc #nycfood #candyland @im.brandontyler

Sour Patch Kids also got attention with its April Fools Day #SourPatchPrankFund challenge on TikTok, rewarding fans with cash and candy for their pranks. It partnered with five pranksters on TikTok for the campaign, including: @TheCrazyGorilla, @VirziTriplets, @SometimesMamaYells, @SantiAndMikay, and @TattedBoy92.

The videos for that got over 1 billion views because consumers were having so much fun creating their own pranks, said Laddha.

Prank. Post. You could win $1k and #sourpatchkids candy from the #SourPatchPrankFund

Laddhas tips for brands that want to be successful on TikTok? Test and learn and see what works for your brand.

Consumers will give you indications of what works, she said. Have fun with it. This is an opportunity to have fun and be a little cheekier.

Read the rest here:
How Sour Patch Kids became the most popular snack brand on TikTok - PR Week

John Rolfe| Taking it Personally

I recently had a thought-provoking email exchange with a reader of Cuban descent, who is disturbed by Cubas brutal response to public protests over food and medicine shortages.

Recent protests should [underscore]the failure of socialism, wrote Gloria, who asked that I use her first name. Although I have lived here many more years than there, I still have strong feelings and attachments. I lived the Cuba of Batista and a little of the Castro regime. Batista was a cruel dictator. Castro seemed a savior until he began to kill anyone who opposed him.

I certainly sympathize with the plight of Cubas people. They deserve far better than they've gotten during the last 60 years. What's happening is horribly typical of a tyrannical regime. However, Glorias comments made me wonder why many people are referring to Cuba as socialist rather than communist and using the terms interchangeably.

Politics:Trust U.S.? We've given world reason to fear America trying to help

Rolfe:How to improve society? Learn about a subject before talking about it.

Economics: If money can't buy happiness, why is everyone always after yours?

Refresher research reminded me that socialism is considered an early phase of communism, in which private property and acquiring more wealth than others is possible.Communism is supposed to be classless;all property is public, the government controls the economy (usually badly), with personal freedoms strictly limited.

Gloria wrote of returning to Cuba in 1998 and seeing impassable roads and streets without light. Salaries, even for doctors, were low. People lacked basic necessities.

One positive was education and health care for all but [there was]very little medicine and no infrastructure, Gloria wrote. People told me (once they were convinced I was not a spy) that they were too tired to think of revolting. However, enough is enough and the whole island has people protesting.

According to World Population Review, Cuba is one of only four Communist countries. The others are China, Vietnam and Laos, though China successfully modified its economy with market-based principles and some privatization. There are 11 Socialist nations including Venezuela, Nicaragua, Portugal and Iceland. Many others, such as Sweden and Norway, are Social Democracies with capitalist economies funding social welfare programs.

Six decades of American sanctions, a "comprehensive economic embargo" according to the State Department (www.state.gov/cuba-sanctions/) intended to keep money out of the hands of Cuba's leaders, havent changed that awful government. Unfortunately, the Cuban people suffer, too.

Communism fails because humans inevitably create pyramid social/economic structures with a wealthy, powerful few at the top who often try to preserve their status by repressing the struggling masses below.

Any system is only as good as the people running it. The key: Are they helping the greater public or only a select few? And too much of anything can be bad. Just as water is essential for life, an extreme excess can dissolve and destroy. Americas water capitalism without concern for societys overall well-being will create great wealth disparity, stifle upward mobility and feed social unrest.

Personal initiative should come first, but I still favor an adjustable (by the people) combination of private and public. One sector meets needs that are unmet by the other. But in our overwrought politics, those who propose even modified socialist ideas to address problems like low wages or capriciously astronomical healthcare costs are accused of advocating all-out communism like Cubas.

It doesnt have to be a strictly either-or proposition, but how do we achieve more balance if government cant help and private businesses wont do it of their own volition?

Capitalism, if practiced with social justice in mind, is a great incentive to study and work hard, Gloria wrote. In the ideal world, people would be compensated fairly. The United States is still a country of opportunity. Lets appreciate it and work to improve what we dont like.

Agreed. Meanwhile Cuba is in dire need of democracy so its people can have a say in how they are governed and treated.

Write to columnist John Rolfe at personallypojo@gmail.com or visit his website Celestialchuckle.com

More:
Don't fear socialism. Fear any economic system taken to the extreme. | Rolfe - Poughkeepsie Journal

Border questions

Here he goes to save the day! Sheriff Woods is going to the border.

Other than collecting some political bonafides with photo-ops, what in the world does he think he can do, and how will this be important to Marion County?

The border problem has been a mess for the last three presidential administrations, and his presence is unlikely to make a difference.

Before retiring, I made requests to a board with three questions: How much will this cost? How will this be funded? How will it benefit our corporation? Commissioner Gold is right to question this plan, especially since valuable resources are needed here. Please get answers to these questions and share them with this newspaper.

JoAnne Willits, Ocala

It seems that, based on a recent column by DavidWhitley, it would be best if he stuck to only covering sports and not making social commentary. His inability to grasp the nuance of athletes protesting against unequal treatment is the reason I offer this suggestion.

Just because someone doesn't salute or honor the flag doesn't mean they hate America. This may be too complicated for Whitley to understand, but as an example do you think it is possible to love your wife but dislike some of her traits? It doesn't mean you hate her. The athletes aren't stating that they hate America; they are stating that they hate the inequality and racism that exists in this country. I would venture to speculate that most people thinking and feeling people feel the same way.

I don't hate this country, but there are traits the country has that I hate.

Ron Williams, On Top of the World

On July 2 the Star-Banner published Everybodys country from a gentleman who has a misunderstanding of the difference between socialism and capitalism. I am aware that you are endeavoring to print a mix of opinions, whether the opinions are informed or misguided, in order to allow us all a voice. Hooray for the First Amendment!

However, you followed his letter by repeating, highlighting and amplifying the worst of his misinformed manipulative statements, which I refuse to repeat here, about socialism teaching the zero sum game of people wanting what we have and emptying our treasury by giving free stuff to them. Even the most white-washed history lessons in public school teach better information than that. Only propaganda has twisted the myth of Reagans Welfare Queen to keep the biggest corporations in a corporate welfare state of lowered taxes and the unwillingness to pay their fair share of support to their workers and the infrastructure that lines their officers pockets with millions of dollars while their workers are living in their cars! Corporate greed and lobbyists buying corrupt legislators are raping our citizens!

Fact: Most developed countries, including the U.S., employ a mixture of socialist and capitalist programs. Thats how we have the freedom of a capitalist system balanced with the restraint of some socialist programs including Social Security, Medicare, interstate highways, police and fire departments, public schools and public libraries. These and other tax-funded governmental programs are designed to support the common good of our citizens, not oppress anyone or make us entitlement-crazed.

When you clean out the far-right insurrectionists from the Capitol and replace them with real conservatives, you will see a return to bipartisan leadership that will serve the common good with laws that support both entrepreneurial spirit and the reasonable protection of American families and individuals.

Jill Carel, Ocala

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Today's letters: Readers comment on the border, a sports columnist and socialism - Ocala

In this article, we take a look at 15 socialist countries that have succeeded. You can skip our detailed analysis about state of socialism, and go directly to the 5 Socialist Countries that Have Succeeded.

Socialism is an economic theory that stresses the ownership of means of production by society instead of private individuals. The core essence or principle in socialism is to shape society based on cooperation and welfare rather than on free market capitalist competition and exploitation. This is the textbook definition of socialism. In practice however, it is not clearly defined, is subjective and encompasses a whole range of different economic policies and even exists parallel to capitalism in some countries through what can be described as a pragmatic approach to socialism.

Socialism is thought to impede innovation because it is thought to take away the incentive to innovate as society loses its competitive edge due to collective ownership of means of production rather than individualistic and private ownership. The assumption rests on Adam Smiths treatise: An inquiry into the nature and causes of the wealth of nations, where capitalism traces its roots. The assumption stresses that human beings are rational actors who want to make wealth and multiply it and are primarily driven by this impulse. This results in supposed benefits for a free market economy as well as society in general when individuals compete to make wealth and innovate in their respective niche to get ahead of their competition.

Capitalists believe that western advancements in technology and other sophisticated services are primarily a result of capitalism. However, people in some western countries, especially the US, are becoming alienated with this predominant economic philosophy. According to a Pew survey from 2010, only 29% of Americans had a positive reaction to the word Socialism but as of 2019, 42% of Americans have developed positive views about socialism according to the most recent pew survey. These surveys also show that Democratic Party voters, the bulk of whom are young, form the majority of people who view the socialist theory positively.

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The arrival of Joe Biden in the White House also heralded an era that is expected to have left-friendly policies, including strict restrictions on major corporations and giants like Amazon.com, Inc. (NASDAQ: AMZN), Facebook, Inc. Common Stock (NASDAQ: FB), Alphabet Inc Class A (NASDAQ: GOOGL), Tesla Inc (NASDAQ: TSLA), Twitter Inc (NYSE: TWTR) and Apple Inc (NASDAQ: AAPL). President Biden's choice for FTC head Leena Khan, a harsh critic of tech companies, who believes markets in the US are "controlled by a very small number of companies" point to the policies tech companies should expect in the new government.

When the surveyees who viewed socialism positively were asked the reasons of their preference, most said that socialism ensures equitable distribution of resources and gives rise to equality. Although the majority of Americans still prefer capitalism according to these surveys, the majority has become rather thin. The growing alienation with capitalism in the US is attributed to a number of factors including the increasing wealth inequality, job insecurities and inadequate social safety nets.

According to an inequality.org report, the top 1% of Americans have 4 times more wealth than the bottom 50% of Americans. The same report also points out at Covid-19 pandemic effects on wealth disproportionality in the US with the 1% seeing their wealth grow by 29% while millions of people lost their jobs in the first 6 months of the pandemic alone.

But do socialist policies solve these problems? And if they do, is it at the cost of innovation? Can a capitalist economy, modified with principles of socialism do away with the ills of both? The answer isnt a clear yes or no. A lot of countries have experimented with different versions of socialism with different degrees of policy with mixed results.

No country has ever experimented with pure socialism because of structural and practical reasons. The only state that had come the closest to socialism was Soviet Union and it had both dramatic successes and dramatic failures in terms of economic growth, technological advancement and welfare. In the end however, the state collapsed. Other experimenters like Cuba improved only in very narrow areas like healthcare. On the other hand, some countries are prospering with highest scores in happiness indexes like Sweden and Norway through Democratic Socialism.

Democratic Socialism stresses the need for a democratic society that retains a competitive capitalist market but is complemented with the ethical economic ideals of Socialism and while the term Democratic Socialism is interchangeably used with Social Democracy due to identical socio-politico-economic frameworks, the latter theory argues in favor of transitioning to socialism through reform of existing societal structures gradually rather than revolutionarily. (OHara, 2003)

Most people believe that China is a purely socialist country which is not true. China practices state capitalism but has integrated their model with some socialist and some experimental policies. However, the Chinese President Xi Jinping has stated that China will have fully transitioned into socialism by 2050. Most countries have simply adapted or modified socialist policies to work with their economic model. So wed be analyzing different countries with their different models that have adapted to socialism in their own ways.

A successful socialist oriented country could be defined as the one that adopted socialist policies and gained from it without losing anything. In this instance, that means the economic growth was not stunted, the welfare system experienced improvement and the wealth gap was reduced. Below, we outline a list of 15 socialist countries that have succeeded and also analyze the extent of socialism in their economic models.

Socialist Countries that Have Succeeded

Photo by Egor Myznik on Unsplash

Our Methodology

For our list of 15 socialist countries that have succeeded, we define 4 metrics: innovation index, social progress index, Global Competitiveness and Gini Coefficient index. Innovation, as discussed above, is how much countries markets are involved in innovating products and services to solve novel problems and thereby growing the economy. The higher the innovation score, the higher the levels of innovation in the economy. This however, is only possible in free markets so our focus is on free market socialist countries.

Social progress index measures the state's policies in response to the social and economic welfare of its citizens which include services like healthcare, minimum wage and parental leaves etc. A high score in the social progress index means a socialist oriented welfare system in the state. Global Competitiveness Index measures how competent and competitive an economy is at the world stage.

Gini Coefficient index on the other hand measures income distribution across a population and wealth gap. The higher the Gini Coefficient score, the higher the inequality. This Coefficient was developed by Italian Statistician Corrado Gini. So for successful socialist oriented countries, there needs to be a high innovation score meaning unimpeded innovation, a high social progress score, a good score on global competitiveness and a low Gini Coefficient score. These scores are scaled from 0 to 100.

For innovation, wed be using The Global Economy scores for different countries. To measure social progress, wed be using Social Progress Organization results. For Global Competitiveness, wed be using scores from the Global Competitiveness Report and finally for the Gini Coefficient index of different countries, we would be using the results from World Population Review. However, as socialism relates to low wealth gap, wed be using the Gini Coefficient as the key metric.

This is a purely research-based article for education purposes. Insider Monkey has no political affiliations and we don't use our content to promote any political ideology.

With that said, lets move down to the 15 socialist countries that have succeeded.

Gini Coefficient: 25.7

The least significant on our list of 15 socialist countries that have succeeded is Moldova. Moldova was a socialist republic in Soviet Union but after the Soviet collapse in 1991, Moldova became independent and joined the world economy. It started liberalizing its economy and privatized a lot of state companies. However, it didnt completely do away with the socialist experiment which is still running in parallel to its liberal free market. Its top exports include fine liquor.

According to Heritages Index of Economic Freedom 2021, Moldova only scores 50 out of 100 in financial freedom while government spending and tax burden stand respectively at 71 and 94. This implies that the government is spending extensively on public services like healthcare and education while increasing taxes on private wealth and it seems to be working in its favor.

Moldova has a high score of 72.58 in social progress but only 33 in innovation. It ranks 86th in global competitiveness.

Gini Coefficient: 25.7

Armenia is another former Soviet Republic on the list. The country became independent in the wake of Soviet collapse and followed the path of other former Soviet republics that were part of the Warsaw Pact. It started liberalizing the market and started the privatization process. However, generally the economy still remains somewhat centrally planned. Armenia had developed a robust industrial sector during the Soviet era but after its collapse, Armenia switched back mostly to agriculture.

Armenia hasnt tapped its true potential due to the ever looming threat of conflict with Azerbaijan with which it has historical disputes that has resulted in border hostilities and outbreak of two wars with one fought recently in 2020. Armenia scores high on social progress at 76.46 but has an innovation score of 32.60. It ranks at 69th in global competitiveness.

Gini Coefficient: 30.4

Another former soviet republic to make it to the list of 15 socialist countries that have succeeded is Croatia. Croatia was slow in economic reform following the Soviet collapse. It liberalized its economy following Soviet collapse. However, the transition to market economy was only to a certain extent and a significant portion of the economy is still planned for the purpose of social welfare. This has led to both growth and a reduction in wealth gap and inequality. Croatia has a score of 37.30 in innovation but scores highly on social progress at 81.92. It ranks 63rd in global competitiveness.

Despite this, socialist countries are yet to see the growth and innovation as seen in pure capitalist countries like the US, where companies like Amazon.com, Inc. (NASDAQ: AMZN), Facebook, Inc. Common Stock (NASDAQ: FB), Alphabet Inc Class A (NASDAQ: GOOGL), Tesla Inc (NASDAQ: TSLA), Twitter Inc (NYSE: TWTR) and Apple Inc (NASDAQ: AAPL) are making huge technological strides.

Gini Coefficient: 24.2

Slovenia is another country in Eastern Europe. It was a part of Yugoslavia and gained independence in 1991 after Yugoslavia dissolved in its constituent states. Slovenia has one of the lowest Gini Coefficient scores signifying one of the lowest inequality levels in the world.

Slovenias economy is only moderately free according to Heritage and retains socialist elements in its economic policies such as labor freedom. The state is also considerably involved in central planning and therefore, the market is significantly regulated. Slovenia has a moderate score in innovation at 42.90. It has a high social progress score at 87.71 and it ranks 35th in global competitiveness.

Gini Coefficient: 33.8

Portugal is a country located in southern Europe famous for its seafood. It is a democratic socialist country. Portugal is known for center-left economic policies regardless of whoever is in the government. The right wing is relatively unpopular in the country when compared to the left wing due to their alliance with the organized working class. As of today, the socialist party is in power in Portugal that won the re-election in 2019 with 36% votes, an increase of 4% than the previous election.

The socialist party has implemented several left leaning socialist policies over the course of 6 years including reduction in unemployment and increasing the amount of state owned welfare services for citizens. Despite the governments overspending, tax burdens and market regulation, Portugals economy ranks 34th in the Global Competitiveness Index and has a moderate innovation score of 43.50. Portugal scores highly in social progress at 87.79.

Despite this, consumerism and new technologies made by companies like Amazon.com, Inc. (NASDAQ: AMZN), Facebook, Inc. Common Stock (NASDAQ: FB), Alphabet Inc Class A (NASDAQ: GOOGL), Tesla Inc (NASDAQ: TSLA), Twitter Inc (NYSE: TWTR) and Apple Inc (NASDAQ: AAPL) are becoming extremely popular among the young population of Portugal.

Gini Coefficient: 34.7

Spain is located in southwestern Europe and is a developed country. Spain is a democratic socialist state. Left wing politics is popular in the country. Spain has an innovation index score of 45.60, a global competitive index score of 75.3 and a social progress score of 88.71.Some of Spains largest publicly traded companies include Repsol, S.A. (MCE: REP.MC), Banco Santander, S.A. (NYSE: SAN), Mapfre, S.A. (MCE: MAP.MC) and Telefnica, S.A. (NYSE: TEF).

Gini Coefficient: 27.4

Belgium is a country in western Europe. It is a democratic socialist country with a very high level of development. It ranks at the 22 spot in Global Competitiveness, has a decent innovation index score of 49.10 and a social progress score of 89.46. Belgiums economy centers around a number of key factors. The market is free but the tax burden is relatively high due to government spending on healthcare and other welfare services.

Despite this, Europe lacks the level of tech innovation and progress seen in the US. Almost all major companies working on key technologies are in the US, including Amazon.com, Inc. (NASDAQ: AMZN), Facebook, Inc. Common Stock (NASDAQ: FB), Alphabet Inc Class A (NASDAQ: GOOGL), Tesla Inc (NASDAQ: TSLA), Twitter Inc (NYSE: TWTR) and Apple Inc (NASDAQ: AAPL).

Gini Coefficient: 32.8

The Republic of Ireland is a Baltic state located in Northwestern Europe. It grabs the 8th ranking on our list of 15 socialist countries that have succeeded. It is a democratic socialist country with an innovation score of 53, Global Competitiveness rank of 24 and a social progress score of 90.35. The economy is mixed with a free market and huge government spending on welfare.

Gini Coefficient: 28.5

Netherlands is located in northwestern Europe. It has a significant amount of socialist frameworks in place. The economy is mixed and the market enjoys significant levels of freedom but there are regulations in place that are socialist in orientation. For instance, young people get paid less than older people according to etuc.org.

Theres a robust healthcare system in place. Policies have been enacted in the market for parents to take paid leaves in case of pregnancy or childbirth. Minimum wages have been set in the country to prevent people from falling into poverty. The Netherlands has a high innovation score of 58.80. It ranks 4th in the global competitive index and has a high social progress score of 91.06.

Some of Netherlands biggest publicly traded companies include Airbus SE (EPA: AIR.PA), Royal Dutch Shell plc (AMS: RDSA.AS), Exor N.V. (BIT: EXO.MI), Koninklijke Ahold Delhaize N.V. (AMS: AD.AS) and ING Groep N.V. (AMS: INGA.AS).

Gini Coefficient: 38.5

China undoubtedly grabs one of the best spots on the list of 15 socialist countries that have succeeded for a lot of reasons despite a relatively higher Gini Coefficient, lower innovation and social progress than some other countries on the list of 15 socialist countries that have succeeded. China grabs the spot for two reasons: the speed with which it has climbed the economic ladder, becoming the 2nd largest economy in the world and its proximity to textbook socialism.

The People's Republic of China was almost entirely socialist until it opened its economy to the rest of the world in the late 70s. China has a one party system built around meritocracy and long term experimental and strategic economic planning. Socialist pillars in Chinas socio-politico-economic system include unemployment insurance, laborers compensation insurance, universal healthcare and communal pension funds.

China is not a market economy in the sense of free market capitalism or market socialism. Instead, China relies on strategic state capitalism where it controls how strategic means of production are used. The rationale is to gradually transition from this phase to a fully socialist system through a meritocratic and public welfare political system in what is largely described as the China Model or the Beijing Consensus.

A stunning achievement of these policies is that China has lifted 800 million of its people out of poverty according to the World Bank. China has an innovation score of 53.50. It has a social progress score of 66.12. China is also home to the 3rd largest smartphone manufacturer, Xiaomi Corporation (OTC: XIACF) when it comes to innovation.

China ranks 28th in global competitiveness and is home to various giant publicly traded companies like Alibaba Group Holding Limited (HKSE: 9988.HK), Tencent Holdings Limited (HKSE: 0700.HK), Pinduoduo Inc. (NASDAQ: PDD), Yum China Holdings Inc. (NYSE: YUMC), Xiaomi Corporation (OTC: XIACF) and New Frontier Health Corporation (NYSE: NFH). 133 Chinese companies made it to the fortune 500 list in 2020. Some of these include Alibaba Group Holding Limited (HKSE: 9988.HK), Tencent Holdings Limited (HKSE: 0700.HK) and Xiaomi Corporation (OTC: XIACF).

Chinese companies are also competing with US giants like Amazon.com, Inc. (NASDAQ: AMZN), Facebook, Inc. Common Stock (NASDAQ: FB), Alphabet Inc Class A (NASDAQ: GOOGL), Tesla Inc (NASDAQ: TSLA), Twitter Inc (NYSE: TWTR) and Apple Inc (NASDAQ: AAPL) in every domain.

Click to continue reading and see the 5 Socialist Countries that Have Succeeded.

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Disclosure: None. 15 Socialist Countries that Have Succeeded is originally published on Insider Monkey.

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15 Socialist Countries that Have Succeeded - Yahoo Finance