A Familiar and yet notable feature of socialism is the nature of the countries where that form of social organization prevails. With few exceptions, all are economically among the less advanced countries of the world. At least, they were so at the time socialism emerged in them.
In those countries, then, socialism rather than its great rival, capitalism, has been the instrument for further economic development. How have they fared in consequence ? What in particular of the claim often made by proponents that socialism is a superior system for such development?