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Post by jmobby75 on Aug 25, 2012 21:18:46 GMT -5
Can you guys please explain the differences between Communism, Capitalism, Socialism, Facism, Feudalism, state capitalism, trotsky communism, Maoism, Marxist-Leninist communism, free market capitalism, and any other -isms that you guys can think of. Thanks. I feel knowing those differences will help a lot in my studies.
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Post by whiteape on Oct 9, 2012 16:32:17 GMT -5
I'll try to answer the best I can, though I don't feel qualified to answer every one of those.
Communism: From Wikipedia: "Communism is a revolutionary socialist movement to create a classless, moneyless, and stateless social order structured upon common ownership of the means of production, as well as a social, political and economic ideology that aims at the establishment of this social order."
Trotsky communism, Maoism, and Marxist-Leninist communism are all, of course, schools of thought relating to communism, and they all share a lot of basic principles. I don't know a lot about Trotskyism or Maoism, though from what I understand, Trotskyism is pretty similar to Marxism-Leninism.
To learn more about Marxism, read Karl Marx's "Communist Manifesto." The language is a tad archaic, but it's still a good read and I'd say it's a must-read for anyone interested in communism, because it's such an important publication.
Capitalism: From Wikipedia: "Capitalism is an economic system that is based on private ownership of the means of production and the creation of goods or services for profit."
State capitalism is like a sort of mixture between capitalism and communism. While in free market capitalism, companies are controlled by private owners, most companies under state capitalism are, as the name implies, owned by the state. So while the goal of business is still to make profit, the means of production are owned by the state rather than private holders.
On the contrary, in free-market capitalism, the government does not own these companies. Instead, private citizens own and operate businesses. The term "laissez-faire," meaning in French, "let it be," is often used to represent these economies. In this type of economy, there is typically very little governmental economic intervention.
By my understanding, feudalism was like trickle-down economics to the extreme. You had different social classes, and the lower you were on the social ladder, the less you had. The serfs, at the bottom, typically had no land, while the king at the top had control over all the lands. He would give landowners a big chunk of land and protection in exchange for money and whatnot.
Please correct me if I'm wrong on any of this. I'm not perfect.
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