It is an ideology.
An ideology is a belief system consisting of social, economic and political assumptions, values and ideas that provides a basis for organised political action.
Nazi Germany, Mussolini's Italy practised the ideology of Fascism
It is an extreme left wing ideology in the political spectrum.
It involves an increasing acceptance of hieracrhy ( honours and favours the monarchy e.g church of England )
It also favours individualism and the free market. (people are free to make money and private businesses are supported)
The poor are exploited and keep getting poorer; huge contrast between rich and poor.