In the past, socialist nations have realized that some of the government-run businesses do not grow as quickly as businesses that operate for a profit.

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Under socialism, basic industries such as telecommunications, utilities, and broadcasting are usually owned and managed by the government. Tax revenues pay for the maintenance of these industries. They often lag behind similar industries in other countries that are privately owned and operated for a profit. In socialist nations, the taxes collected to support these industries are not enough.

In the Past, Socialist Nations Have Realized That Some of the Government-Run