Capitalism, Socialism, Communism,, Fascism Lorraine Richards Montebello High School, CA TYPES OF GOVERNMENT

Capitalism

First In Use End/ Middle Ages domestic system laissez faire mercantilism.

Capitalism Goal Private investment for profit.

Capitalism Theory Who owns Property Private ownership, individuals invest in corporations or individual business

Capitalism Practice Who Owns Property Private ownership, government owns some property.

Capitalism Theory Form of Government Can be any form except totalitarianism.

Capitalism Practice Form of Government Generally democracy with representation, Early capitalist often autocratic.

Capitalism How Government takes Control Peacefully, democratically, people voting.

Capitalism Theory Which Classes Benefit Most? Those who invest.

Capitalism Theory Which Classes Benefit The Least? No one, everyone can invest

Capitalism Practice Which Classes Benefit Most? Rich, investors (unless bad investing), upper and middle classes.

Capitalism Practice Which Classes Benefit the least? Poor- unable to invest.

Capitalism Modern Examples U.S., much of Latin America

Capitalism Amount of Individual Freedom Greatest under laissez faire but many freedoms in democratic Countries.

Socialism

First In Use  Early 1800’s Owen, Fourier, St. Simon, Blanc. Fabianism. Joseph Fourier

Socialism Goal  Working together for improvement of economy and community.

Socialism Theory Who Owns Property  Everyone owns everything collectively, public ownership.

Socialism  Collective farms, most socialist countries government owns major industry Practice Who Owns property

Socialism Theory Form Of Government  Direct democracy, everyone makes collective decisions.

Socialism Practice Form Of Government  Generally democratic.

Socialism How Gov’t Takes Control  Usually democratic and peaceful.

Socialism Theory Which Classes Benefit The Most?  None (or all) classes society, all benefit equally.

Socialism Theory Which Classes Benefit The Least?  None - classless society

Socialism Practice Which Classes Benefit The Most?  None, some may be wealthier but all benefit equally.

Socialism Practice Which Classes Benefit Least?  Those who oppose society may be ostracized.

Socialism Amount Of Individual Freedom  More government control than capitalist countries but many freedoms.

Socialism Modern Examples  Collective farms (Israel), Scandinavia.

Communism

First In Use  Early 1900’s Bolsheviks Marx

Communism Goal  No private ownership, classless society, international takeover.

Communism Theory Who Owns Property  All public ownership.

Communism Practice Who Owns Property  All public property, but individuals able to own small portions.

Communism Theory Form Of Government  Oligarchy of workers OR everyone makes collective decisions.

Communism Practice Form Of Government  Usually oligarchic, party controls legislature and executive decisions

Communism How Gov’t Takes control  Revolution, Force.

Communism Theory Which Classes Benefit The Most?  Workers, peasants immediately, eventually a classless society.

Communism Theory Which Classes Benefit The Least?  Wealthy persons

Communism Practice Which Classes Benefit The Most?  Communist Party members and Politburo.

Communism Practice Which Classes Benefit The Least?  Wealthy or religious persons.

Communism Amount Of Individual Freedom  Strict obedience to government, strong censorship, opposition to government not allowed.

Communism Modern Examples  North Korea, Cuba, and China.

Fascism

First In Use Mussolini

Fascism Goal Government control of economics while letting private ownership. Anti fascist newspaper

Fascism Theory Who Owns Property Private ownership but under strict government control.

Fascism Practice Who Owns Property State regulates industries and property though privately owned. Leon Trotsky

Fascism Theory Form Of Government Totalitarian autocracy or oligarchy.

Fascism Practice Form Of Government Totalitarian autocracy or oligarchy.

Fascism How Gov’t Takes Control First peaceful and then by force.

Fascism Theory Which Classes Benefit Most? Upper classes keep wealth, workers get government help.

Fascism Theory Which Classes Benefit Least? “None-pure” classes, communists.

Fascism Practice Which Classes Benefit Most? Capitalists and upper classes, unemployed get jobs.

Fascism Practice Which Classes Benefit Least? Communists, and socialist, non- Fascists. The League of Nations votes to impose deliberately ineffectual economic sanctions against Italy for its invasion of Ethiopia.

Fascism Amount Of Individual Freedom Personal acts restricted, strong censorship, police state, totalitarian.

Fascism Modern Examples None clearly so today Fascist Italian Flag