Professional Documents
Culture Documents
Chapter 1
Democratic Capitalism
Individual members of society take part in decision making by expressing their own political desires through elections. Individuals own and control their individual wealth and financial matters. One of the closest examples is the United States.
Democratic Socialism
Individual members of society take part in decision making by expressing their own political desires through elections. The government controls most of the economic decision making for the citizens. Example: Sweden
Fascism
The government holds all the political power. Individual political views are rejected and everyone is expected to support the leader. Individuals are still allowed to own and control their individual wealth and financial matters. Example: Nazi Germany
Communism
The government holds all the political power. Individual political views are rejected and everyone is expected to support the leader. The government controls most of the economic decision making for the citizens.