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.(noun)
American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
Use "capitalism" in a sentence
"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."