from The American Heritage® Dictionary of the English Language, 4th Edition
- n. An economic system in which the means of production and distribution are privately or corporately owned and development is proportionate to the accumulation and reinvestment of profits gained in a free market.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. a socio-economic system based on private property rights, including the private ownership of resources or capital, with economic decisions made largely through the operation of a market unregulated by the state.
- n. a socio-economic system based on the abstraction of resources into the form of privately-owned capital, with economic decisions made largely through the operation of a market unregulated by the state.
- n. a specific variation or implementation of either such socio-economic system.
from the GNU version of the Collaborative International Dictionary of English
- n. An economic system based on predominantly private (individual or corporate) investment in and ownership of the means of production, distribution, and exchange of goods and wealth; contrasted with
socialismor especially communism, in which the state has the predominant role in the economy.
from The Century Dictionary and Cyclopedia
- n. The state of having capital or property; possession of capital.
- n. The concentration or massing of capital in the hands of a few; also, the power or influence of large or combined capital.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. an economic system based on private ownership of capital
He told them never to use the word "capitalism" -- it has now been made a dirty word by the Occupy movement, he said.
One might say that fascism is really corporate control of politics, which is the sense in which Moore is using the term capitalism, so in fact democracy would then be the opposite of capitalism.
The initial usage of the term capitalism in its modern sense has been attributed to Louis Blanc in 1850 and Pierre-Joseph Proudhon in 1861.
But the latest tradition in American capitalism is self-reward the CxOs with lots of bonuses no matter how they do, while laying off and exporting American jobs.
Michael Moore came on-screen and said, The flaw in capitalism is that corporations have no beliefs.
Giving Americans a real asset can get them started accumulating wealth, which in capitalism is the key to success.
Norman Podhoretz, the editor of Commentary, once suggested to Kristol that, since the word capitalism was somewhat “besmirched,” he should instead write aboutfree enterprise orfree markets.
A Pew Research Center poll in December found that only 50 percent of Americans reacted positively to the term "capitalism," while 40 percent reacted negatively.
The term capitalism gives the impression that the market is something out there: a nebulous force which can create great wealth but can also turn and harm us.
Pope John Paul II specifically rejected the term capitalism and its mechanistic, amoral, and impersonal image, preferring instead "market economy," "business economy," or "free economy."
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