Eh fudge, I may as well answer my own questions.
Capitalism
A free market wherein those with ambition rise to the top. However, after the ambitious rise, others are left at the bottom,even if they are more intelligent or better qualified. Creates an uneven distribution of wealth but an overall growth in wealth far superior to communism or socialism.
Communism
A utopian idea founded by Marx wherein all would share in the production of goods. Everyone equal. Governments aspiring towards communism usually become anything but equal.
Socialism
The safe middle between communism and capitalism. The rich can still be rich, but the poor will be given a leg up so they have an equal chance at becoming rich. A social gap still exists, but is lessened significantly.
Democracy
A society where all people, poor and rich, uneducated and intellectual can vote on all issues. Great for small societies, hell for large ones. Decisons are usually not made quickly.
Republic
A society were the poor, the rich, the uneducated and the intellectuals all have representatives. Often corrupted, these leaders rarely hold true to their chosen groups beliefs for long.
Libertarianism
A "free" society where everything goes. Anarchy with police.
...and for some nice flame-tastic fun...
Republican
The right wing. Often more concerned with wealth, religion, and less government involvement. Or at least they were. Now are trying to distance themselves as far from Democrats as possible, no matter the consequence.
Democrat
The left wing. Concerned with enviromentalist issues, social issues, and more government involvment. They were. Now are trying to distance themselves from Republicans and are bribed just as easily.