In 1976, there were 38 countries, comprising nearly 50% of the world\'s population that self-identified as socialist states, yet by 1991, only one remained.
The socialist countries never grew the.
During that same period, the GDP per capita, in comparable numbers, for the United States grew from $24 thousand to $36 thousand.
By 1990 it had grown to about $8 thousand.
In 1976, the annual GDP per capita of the 38 socialist countries (in inflation adjusted dollars) averaged approximately $5 thousand.
In 1976, there were 38 countries, comprising nearly 50% of the world\'s population that self-identified as socialist states, yet by 1991, only one remained