Capitalism

Capitalism is a free-market based economy that has a general agreement that elements of capitalism include private ownership of the means of production, creation of goods or services for profit, competitive markets, and wage labor. The designation is applied to a variety of historical cases, varying in time, geography, politics and culture. Opposed to Communism, Feudalism, and Fascism, it is far more successful, although there are sometimes recessions and inflation that affect the society dominated by it. Most capitalistic nations are supporters of Democracy, including the Grand Republic of Francia and the Galactic Rebel Alliance. Its totalitarian counterpart would be Technolism, an ideology that supported a classless, free-market economy owned by the state (primarily the military).
Category:Political ideologies
Category:Democracy
Category:Governments
Category:Economic Ideologies
Category:Capitalism