Socialism, Fascism, Capitalism, and Communism Chart
Presented by the Hampton Roads Naval Museum
Socialism
Fascism
Capitalism
Communism
OWNERSHIP
Individuals may own property and small
businesses. State ownership of essential
services (electricity, water, internet)
Individuals may own property and small
businesses. State ownership of essential
services through dictator
Individuals have right to own property.
Little to no government ownership of
services or production
Entire elimination of property rights – no
individual land ownership. No economic
incentives to individually own
EQUALITY
Redistribution of income to create equal
classes. Total freedom of religion
Nationalistic religion. Unequal
redistribution of wealth to reinforce a
rigid class structure
Freedom of movement and a free
economy gives people equal opportunity
to pursue life
All are equal under the eyes of the
government except the ruling class,
which is in charge of the redistribution of
wealth
PRICES
Redistribution of wealth through
government oversight. Price control on
staple goods while much of economy
runs unfettered
Prices set around class structure and are
influenced by supply and demand.
Prices are set by consumer/corporation
through supply and demand.
Competition brings with it lower prices
and better products.
Prices defined by government who
respond and control supply and demand
to artificially control pricing.
TAXES
High taxes focused on social services or
welfare state
High taxes focused on raising military
funds for national defense
Limited taxes to match limited
government
High, strict tax rates focused on
redistributing wealth to central power
HEALTHCARE
Free and accessible to all. Operated by
the federal government
Accessible and free to all that meet
requirements (race, nationality,
citizenship are usually factors)
Determined by market – little to no
government regulation.
Accessible to all but distributed
unequally (less accessible to poor).
Operated by the federal government
NOTABLE FIGURES
César Chavez, Albert Einstein, Friedrich
Engels
Benito Mussolini, Adolf Hitler, Nikola
Mandic
Adam Smith, Ronald Reagan, George
Washington
Karl Marx, Fidel Castro, Joseph Stalin,
Vladimir Lenin
GENERAL PHILOSOPHY
Internationalistic with idealized future
based on redistribution of wealth to fund
and support social programs
Nationalistic agenda usually centered
around one powerful individual with an
idealized past that encourages
individualism
The free market will determine prices
and competition will drive improvements
Capitalism has failed to help the working
class because it only incentivizes
individualism and therefore must be torn
through force
