wp:Capitalism

Capitalism is an economic system based on the private ownership of the means of production and its use for the purpose of obtaining profit.[1][2] This socioeconomic system has developed historically in several stages and is defined by a number of constituent elements: private property, profit motive, capital accumulation, competitive markets, commodification, wage labor, and an emphasis on innovation and economic growth.[3][4] Capitalist economies may experience business cycles of economic expansion followed by recessions.[5]

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wt:capitalism

Noun

capitalism (countable and uncountable, plural capitalisms)

.1. (politics, economics) A socio-economic system based on private ownership of resources, and capital and their exploitation for profit.

.1. (Marxism) An economic system based on private control of the means of production and the exploitation of labour by capital.

.2. (economic liberalism) An economic system based on private property and 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.

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wq:Capitalism

The failure of capitalism is still much better than the success of socialism.

Garry Kasparov, Interview with Bill Kristol (April 2016), transcript

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It would be better for us to go down with Bolshevism than live in eternal slavery under capitalism.

Joseph Goebbels, The Devil’s Disciples: Hitler’s Inner Circle by Anthony Read (2004) p. 142, diary entry Oct. 23, 1925