Today, very few socialists advocate for nationalization of the means of production, as was done in the Soviet Union and many other countries. The mainstream thought is that privately run businesses are more efficient. However, the invisible hand of the free market is not trusted. People tend to believe that without government policies, the merciless chase of profit would bring back the ruthless exploitation of the weak and unprivileged. Proponents of the free market argue that the ever-growing net of regulations cramps businesses to the point that free enterprise is a fiction, as formally private businesses are becoming an extension of the government bureaucracy. In response, proponents of socialism point to the example of the Scandinavian countries, which have a very high standard of living and generous social programs, thanks to the very intrusive government regulations and high taxes imposed on the rich. This argument ignores that Scandinavian countries are small and homogeneous, with traditions of community rule. What works there does not apply in large, diversified societies. Also, one needs to notice that their socialized version of capitalism can prosper only because they tap into the innovation engine of the worldwide free market. It is meaningful that the most successful Swedish entrepreneur, Ingvar Kamprad , the founder of IKEA, left Sweden for 40 years to build his business. The history of IKEA tells, as well, that the art of avoiding regulations and taxes is now equally important in building the business as providing goods and services that the public wants to pay for. This is part of the experience of many American businesses today as they are moving their operations or legal headquarters to countries with more favorable tax laws. Of course, the question arises: Will we have in the future new businesses such as IKEA, Apple or Google if there will be nowhere to escape taxes and regulations, if there will be Sweden everywhere?
Capital is wealth—that is, money and goods—that's used to produce more wealth. Capitalism is practiced enthusiastically by capitalists, people who use capital to increase production and make more goods and money. Capitalism works by encouraging competition in a fair and open market. Its opposite is often said to be socialism. Where a capitalist economy encourages private actions and ownership, socialism prefers public or government ownership and control of parts of the economy. In a pure capitalist system, there would be no public schools or public parks, no government programs such as Social Security and Medicare, and maybe not even any public highways or police. In a pure socialist system, there wouldn't be any private corporations. In other words, there's just about no such thing as pure capitalism or pure socialism in the modern world.
known officially in German as National Socialism     ( German : Na tionalso zi alismus ), refers to the totalitarian ideology and practices of the Nazi Party or National Socialist German Workers’ Party under Adolf Hitler , and the policies adopted by the dictatorial government of Nazi Germany from 1933 to 1945.     Nazism is often considered by scholars to be a form of fascism . While it incorporated elements from both left and right-wing politics , the Nazis formed most of their alliances on the right .