Jump to content
OneHallyu Will Be Closing ~ Read Only Starting Dec. 20th ~ Shutdown Dec. 25th ×
OneHallyu

Which type of Government System do you prefer?

StarShapedGummy

By StarShapedGummy
in The Lobby

Which Type of Government System do you prefer?  

18 members have voted

  1. 1. Which Type of Government System do you prefer?

    • Capitalism
      2
    • Socialism
      7
    • Communism
      1
    • Fascism
      0
    • Anarchy
      5
    • Other
      3

Recommended Posts

StarShapedGummy Legend

StarShapedGummy

11,380
Posted
Posted

Here is a quick summary of the major types of economic systems:
 
cr: https://www.webpages.uidaho.edu/engl_258/Lecture%20Notes/capitalism%20etc%20defined.htm

Capitalism
In common usage, the word capitalism means an economic system in which all or most of the means of production are privately owned and operated, and the investment of capital and the production, distribution and prices of commodities (goods and services) are determined mainly in a free market, rather than by the state. In capitalism, the means of production are generally operated for profit.

In a purely capitalist economy, there would be no public schools, no state owned or maintained roads and highways, public works, welfare, unemployment insurance, workers compensation, Social Security benefits etc.

Socialism
Most generally, socialism refers to state ownership of common property, or state ownership of the means of production. A purely socialist state would be one in which the state owns and operates the means of production. However, nearly all modern capitalist countries combine socialism and capitalism.

Communism
Most generally, communism refers to community ownership of property, with the end goal being complete social equality via economic equality. Communism is generally seen by communist countries as an idealized utopian economic and social state that the country as a whole is working toward; that is to say that pure communism is the ideal that the People’s Republic of China is (was?) working toward. Such an ideal often justifies means (such as authoritarianism or totalitariansim) that are not themselves communist ideals.

Fundamentally, communism argues that all labor belongs to the individual laborer; no man can own another man's body, and therefore each man owns his own labor. In this model all "profit" actually belongs in part to the laborer, not, or not just, those who control the means of production, such as the business or factory owner. Profit that is not shared with the laborer, therefore, is considered inherently exploitive.

Fascism
The word descends from the Latin ‘fasces’, the bundle of sticks used by the Romans to symbolize their empire. This should clue you in that Fascism attempts to recapture both the glory and social organization of Rome.

Most generally, “a governmental system led by a dictator having complete power, forcibly suppressing opposition and criticism, regimenting all industry, commerce, etc., and emphasizing an aggressive nationalism and often racism.â€

Unlike communism, fascism is opposed to state ownership of capital and economic equality is not a principle or goal. During the 1930s and WWII, communism and fascism represented the extreme left and right, respectively, in European politics. Hitler justified both Nazi anti-Semitism and dictatorship largely on the basis of his working to fight-off communism.

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

Go to topic listing

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.

 Accept Cookies  Reject Cookies
Back to Top