This is a popular misconception. All societies including feudal ones and modern socialist societies have private property. What capitalism means is that the p

This is a popular misconception. All societies including feudal ones and modern socialist societies have private property. What capitalism means is that the people who own the places where people work, and the people who do the work, are not the same people. An alternative might be a society in which all the businesses were worker owned; it would still be a free market society, but since the businesses were all owned and controlled by the employees, there would be no stock market and would not be capitalism.