Today, the global economy is dominated by capitalism” to a degree never before seen in human history. In spite of, or perhaps because of this fact, a growing share of Americans and Western Europeans have become energized by the prospect of what they call “democratic socialism.” This system allegedly differs from the sort of socialism tested in real-world experiments including the former Soviet Union, Maoist China, Cuba, and Venezuela. That raises the question, what are the characteristics of “democratic socialism”? Where has it been tested? And what are the implications of the ongoing struggle between capitalism and socialism, for the hearts and minds of people around the world? We’ll explain.