Capitalism and socialism are similar in only one broad respect: the idea that every person is compensated according to his efforts. The phrase "from each according to his ability, to each according to his needs," is the ... More »

The primary difference between capitalism and socialism is that capitalism promotes innovation and personal pursuits, while socialism promotes societal fairness and equality. A capitalist economy accepts that income pola... More »

Fascism is a dictatorial form of government that rejects the tenets of democracy, socialism and capitalism, and a fascist will believe that the state has the right to take extreme measures, including conducting surveilla... More »

The main benefit of socialism is the smaller amount of inequalities between all citizens, but socialism can lead to communism, which has been shown to fail in the past. There are many definitions of socialism but, in gen... More »

As of 2014, there are no countries that have pure socialism, which is actually an economic system and not a form of government. The former Soviet Union is the best example of true socialism, while China, North Korea and ... More »

The primary difference between communism and socialism is that communism is a political system and socialism is chiefly an economic system. Communism focuses on putting the working class in charge of society by having th... More »

Communists believe in socialism and are interested in protecting workers as well as creating equal opportunity for everyone by nationalizing banks, industries and railroads. Communism is at odds with the United States go... More »