Political and Economic Systems

  • State/Government: A legitimized, territorial monopoly on deciding law and who can use force and coercion.
  • Monarchy: The government is ruled by an individual.
  • Democracy: The government is ruled directly or indirectly by the people.
  • Republic: Democracy where the people represent themselves through other people.
  • Capitalism: Private property.
  • Socialism: Some private property. The government is entitled to X% of the products of society for the purpose of equalizing its peoples.
  • Communism: No private property. Socialism where X=100.
  • Corporatism: Socialism where X > Y such that competitors cannot overcome the state-given power produced by Y.
  • Libertarianism/Minarchism: Socialism with the goal of enforcing X < Y.
  • Fascism: Corporatism with a nationalistic twist.
  • Nazism: Fascism with a racist twist. Nazism is simply a shortened version of the German word for National Socialism.
  • Democratic Capitalism: Some people are trying to grab other peoples’ property using the government (rent seeking).
  • Democratic Socialism: Socialism with the population directly or indirectly deciding X.
  • Anarcho-Capitalism: Capitalism without government. The basic argument is that granting a monopoly on violence to one group of people makes things worse, and all government functions are better accomplished.

The United States is corporatism based on democratic capitalism, with X = 50.

 

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