capitalism

IPA: kˈæpɪtʌɫɪzʌm

(politics) A socio-economic system based on private ownership of resources or capital.
(economics) An economic system based on private ownership of the means of production and their operation for profit.
(politics, economic liberalism) 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.
(economics, economic liberalism) An 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.

Examples of "capitalism" in Sentences

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.
He told them never to use the word "capitalism" -- it has now been made a dirty word by the Occupy movement, he said.
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.
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.
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.