capitalism

(redirected from Capitalist System)
Also found in: Dictionary, Thesaurus, Encyclopedia, Wikipedia.
Related to Capitalist System: capitalist economy

Capitalism

The economic system in which the means of production is privately held. In capitalism, the most important means of production is money rather than land (as in feudalism) or labor (as in socialism). That is, the ability to raise and use money for the production of goods and services is more important than owning the land from which goods come, or the ability to work in order to create a good or service. As a result, government policies generally target the regulation (or not) of money and its uses rather than those of property and/or labor. While capitalism is often associated with laissez-faire policies, governments often involve themselves in capitalist countries. The appropriate amount of government intervention in a capitalist system remains hotly debated.

capitalism

see PRIVATE-ENTERPRISE ECONOMY
References in periodicals archive ?
Samir Amin, "Contribution to a Debate: The World Capitalist System and Previous Systems," in Fawzy Mansour, The Arab World: Nation State and Democracy (London: Zed Books, 1992), p.
The big bonus in a capitalist system is a free press, with the resulting relative freedom for the individual.
Nonviolent people ``really have so few tools to face a capitalist system,'' Adams told the crowd as they disrobed.
prison system; inmates perform 'outsourced' work often at less than the minimum wage; impoverished white working-class rural areas become economically dependent upon the incarcerations of largely African American, Latino, and Native American populations; and this development is justified by a rhetoric of 'getting tough on crime,' although in reality it reveals that the capitalist system cannot provide full employment at a living wage and that it promotes a politics of divide and conquer.
Q: I've also seen a quotation from you in which you refer to your revulsion against the capitalist system - a wonderful comment from a former Wall Street Journal reporter.
Summary: TEHRAN (FNA)- Iranian President Mahmoud Ahmadinejad blamed the capitalist system for the economic crisis hitting the world countries.
Biel (international relations, London School of Economics) analyzes the capitalist system of production and control from a systems perspective, emphasizing the ways that late capitalism adapts to its own entropic decay.
His words came as a leading Welsh economist insisted that increased regulation of the banking system - another key tenet of the Government's strategy to tackle the recession and its underlying causes - would be highly damaging to Britain's capitalist system.
Here in the global capital of marketing genius and huckerism, it would be unthinkable for the city treasury to be enriched by the promotion of anything to do with the free enterprise capitalist system - not while there's so many suckers out there called taxpayers.
There are two main fables told about Microsoft: It has become the dominant, standard-setting software company, and made Gates a multibillionaire, because a) it makes wonderful products and expresses all that is good about a capitalist system or b) it cheats.
Earlier this month, the Supreme Leader's top military advisor also expressed confidence about the growing power and influence of Islamic ideology in the world, specially now that the capitalist system has started its collapse.
He is at once trying to sustain the pulse of the capitalist system and the common yet utopian dreams of prosperity which unify America's disparate citizens.