Essential Definitions

Capitalism is an economic and social system in which capital - the means of production - is privately owned, and in which labor, goods and capital are traded and the profits are distributed to owners and/or investors.

Socialism is a social and political system in which the means of production are be owned and controlled by the community as a whole.

Communism is a political system derived from Karl Marx that advocates for class war that will lead to a society in which all property is publicly owned, each person works and is paid according to their abilities and needs, and a classless society emerges.

Anarchy is a political and social system in which there is no governing person or group of people, but each individual has absolute liberty.

Fascism is a political system in which an authoritarian and nationalistic government has absolute rule an believes in the supremacy of one national or ethnic group and that the nation's interests should be elevated above those of the individual.