when having political discussions its iimportant for the speaker and the audience to have similar understandings of the definitions of key terms
heres my own opinions
capitalism= free markets, private property and industry, no or very little government regulation, distribution of goods and services by price system.
socialism= regulated markets, both private and public property and industry, heavy regulation, distribution of goods and services both by price system and government charity.
communism= zero private property, all industry is cooperative, public owns all means of production and goods and services, distribution by consumption.
welfare state= fiscal policy that revolves around taxing and spending on social welfare programs like military, police, education, healthcare, food stamps, etc.
libertarian= government should exist but should be as limited as possible
right wing/conservative= values tradition, capitalism, religion, the military, and is individualistic.
left wing/liberal= values science, empathy and understanding, and is collectivist.
what say you
