140K views · 3K reactions | The challenge in 2040? Add the current energy use of China and India to global demand - and somehow fight climate change. Learn more in our new white paper: https://wef.ch/2s2ZZj3 | World Economic Forum | Facebook

Socialism, as an economic system where the government controls key industries and redistributes wealth, has been tried around the world—with mixed and often disappointing results. Countries that embraced socialism on a large scale frequently faced economic stagnation, shortages, and loss of personal freedoms. Zohran Mamdani, a self-identified Democratic Socialist, is running for mayor of New York City, promising sweeping changes such as rent freezes, free public transportation, and higher taxes