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Modern Political Systems In order to clarify what's meant when words like fascists or socialist are used, this page provides a compendium of modern political systems. CapitalCash or goods used to generate income either by investing in a business or property. The net worth of a business determined by its assets minus its liabilities. The money, property, and other assets which collectively represent the wealth of an individual or business. CapitalismAn economic system characterized by privately held ownership of capital, by investment that is determined by private decision. Prices, production, goods availability, and goods distribution being determined by participation in the free market. The motivating engine of capitalism is profit. Sources: Merriam-Webster , Wikipedia SocialismA theory or system that advocates the ownership and control of capital in the community as a whole as well as the procedure or practice in accordance with this theory. In Marxist theory, socialism is the stage following capitalism in the transition to communism. Source: dictionary.reference.com The motivating engines of socialism are economic desire and/or insecurity, disenfranchisement, or guilt. A contributing motivating engine may be naive altruistic notions of fairness. CommunismA theory or system of social organization based on the holding of all property in common, actual ownership being ascribed to the community as a whole or to the state.
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