Capitalism is easily defined: The private or state ownership (State capitalism) of the means of living. However, with communism and socialism you cannot compare like for like. read more
However, with communism and socialism you cannot compare like for like. For the bottom line is both words mean the common ownership of the means of living under the democratic control of the community as a whole where production for use and free access is geared towards satisfying human needs. read more
In a way, communism is an extreme form of socialism. Many countries have dominant socialist political parties but very few are truly communist. In fact, most countries - including staunch capitalist bastions like the U.S. and U.K. - have government programs that borrow from socialist principles. read more