In post-nuclear Alaska, a fascist group ("The Ownership") battles rebels in hopes of possessing a massive weapon—the "Equalizer 2000" of the title, created by the ex-Ownership Captain Slade who joins the rebellion to defeat Mayor Lawton, who killed Slade's father (a The Ownership's field commander) and too he wants to kill General MacLaine, The Ownership's leader, to be the new leader.
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