3 ms·
> From the link: Capitalism is a social system based on the recognition of individual rights, including property rights, in which all property is privately owne
by sorbus 15y ago
> From the link: Capitalism is a social system based on the recognition of individual rights, including property rights, in which all property is privately owned.
The real definition, from wikipedia: "Capitalism is an economic system structured upon the accumulation of capital in which the means of production are privately owned and operated for profit, usually in competitive markets." Ayn Rand's definition looks more like libertarianism ("a political philosophy that upholds individual liberty, especially freedom of expression and action ... minimization of the state and sharing the goal of maximizing individual liberty and freedom.").