What is Capitalism? Capitalist systems throughout history have been defined by one concept: the ability of any group to control the distribution of resources. In a capitalist economy, a profit is made when the firm makes a profit on its investments. It is made by increasing the value of assets (such as raw land or machinery) or reducing the cost of fixed assets (such as plant and machinery). The basic distinguishing feature of capitalism is its laisseurship focus, where the state is not interminable in the affairs of business.
What is Communism? Communism is a political economic system based upon the ownership of the Means of Production by a government or the ownership of a majority of the wealth accumulated from the labors of society. Unlike capitalism, there is no freedom of choice for entrepreneurs. There are no markets for new businesses. The state owns the means of production, which it controls through the control of the distribution of resources to help finance the system. Communism’s other distinguishing feature is that there is not the assumption of private property, and land ownership is generally limited to a few acres of land or a small building.
What is Communism? Communism, like capitalism, is a political economic system in which the means of production are controlled by the government. Unlike capitalism, socialism assumes that the ownership of the resources should be equally distributed. The difference between Communism and capitalism is that in Communism, unlike capitalism, production is decentralized by the working class owning the means of production through a system of workers’ cooperatives.
What is Fascism? Fascism, or National Socialism, is a radical political and economic system founded upon the theories of National socialism and World socialism, an ideology that opposes liberalism and democracy, and believes that the present capitalist economic systems threaten the working class interests and thus must be replaced by a state-run or nationalized economy. Fascism also opposes the values of freedom, fairness, and freedom of speech and press that are shared by most modern western societies.
What is Communism? Communism, also known as Soviet socialism, is a radical socialist economic system in which the state controls all aspects of the economy. Communism’s other distinguishing feature is that unlike capitalism, there is no freedom of choice for consumers, and the state owns the means of production.
What is Fascism? Fascism combines elements from both communism and capitalism. Many on the far right believe that Fascism is a form of Nazism, but in actuality it is a system that combines several elements of Nazism (racial superiority, anti-capitalism, national unity). Much of what the far right calls “fascistic” actually comes from actual Fascistic elements of governance in various nations throughout Europe and Latin America.
What is Communism? Communism, like Fascism, is a hybrid of Fascism and free market capitalism. The difference between Communism and Fascism is that Fascism eliminates private property through the ownership and control of businesses, whereas Communism destroys private property through the ownership and control of businesses through the medium of the state. Additionally, unlike Fascism, Communism does not place a stigma on religious or personal beliefs.
What is Socialism? Socialism is the opposite of capitalism. The difference between socialism and capitalism is that socialism believes that the distribution of wealth is fair, and that the state should run the economy in the interests of all citizens. Some on the far left, however, would disagree. They believe that only the government has the right to control the economy, and that private citizens ought to be left alone to pursue their own dreams. Today, there are many socialist governments in Latin America, and parts of Eastern Europe, and they are growing in popularity.