CAPITALISM --
THAT SYSTEM WHEREBY
THE MEANS OF PRODUCTION THE PRODUCT PRODUCED, AND THE QUANTITIES
PRODUCED ARE HELD BY PRIVATE OWNERSHIP. COMPETITION IN THE OPEN
MARKET PLACE DETERMINES HOW MANY MANUFACTURERS CAN PRODUCE THE
SAME PRODUCT AND WHAT PRICE THEY CAN CHARGE. GOVERNMENT'S
ONLY ROLE IS TO PROTECT THE COMMON INTERESTS OF ITS CITIZENS.
COMMUNISM -- THAT
SYSTEM WHEREBY THE MEANS OF PRODUCTION THE PRODUCT PRODUCED, AND
THE QUANTITIES PRODUCED ARE HELD IN GOVERNMENT HANDS. THERE IS
NO COMPETITION IN THE OPEN MARKET AND THE GOVERNMENT SETS THE
PRICE. EVERY ASSET IN THE ECONOMY IS OWNED BY THE GOVERNMENT
("DICTATORSHIP OF THE PROLETARIAT")
FASCISM -- THAT SYSTEM WHEREBY THE MEANS OF PRODUCTION, THE PRODUCT TO BE MANUFACTURED, THE QUANTITY MANUFACTURED, AND THE PRICE TO BE CHARGED ARE HELD IN PRIVATE HANDS.
BUT THE GOVERNMENT DECIDES:
HOW MANY COMPETITORS CAN EXIST IN ANY ONE AREA
HOW RESEARCH AND DEVELOPMENT FOR NEW PRODUCTS
ARE TO BE ALLOCATED
UNDER FASCISM, PRIVATE OWNERS BECOME VERY RICH VERY FAST.