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Capitalism   Listen
noun
capitalism  n.  An economic system based on predominantly private (individual or corporate) investment in and ownership of the means of production, distribution, and exchange of goods and wealth; contrasted with socialism or especially communism, in which the state has the predominant role in the economy.
Synonyms: capitalist economy.






Collaborative International Dictionary of English 0.48








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"Capitalism" Quotes from Famous Books



... still said to be a priest—turned Douglas out and put in a new manager. The old servants were paid after some trouble. The local storekeepers and one or two firms in Sydney, who had large accounts against the Imperial Hotel (and had trusted it, mainly because it was patronized by Capitalism ...
— Children of the Bush • Henry Lawson

... children, the modern city and city slum, the plutocracy and the proletariat, and all the strange discrepancy between wealth and want that has disfigured the material progress of the last hundred years. The rising splendor of capitalism concealed from the dazzled eye the melancholy spectacle of the new industrial poverty that lay in the shadow ...
— The Unsolved Riddle of Social Justice • Stephen Leacock

... great task, without deviation or compromise, we pledge all our energies and resources. For its accomplishment we call for the support and co-operation of the workers of America and of all other persons desirous of ending the insane rule of capitalism before it has had the opportunity to precipitate humanity into another cataclysm of ...
— The Red Conspiracy • Joseph J. Mereto

... the Bond. Once the resolute, almost inspired, castigator of the separatist aims of that organisation, he was now in close and sympathetic association with the leaders of Afrikander nationalism in the Republics and the Cape Colony. The denunciations of "capitalism" and "capitalists" with which he now regaled his Afrikander allies, had an ill savour in the mouth of the man who had tried to amalgamate the Diamond Mines at Kimberley—failing where Rhodes and Beit afterwards succeeded—and who, attracted by the magnet of ...
— Lord Milner's Work in South Africa - From its Commencement in 1897 to the Peace of Vereeniging in 1902 • W. Basil Worsfold

... farmer purring with delight as his distinguished charge dilated in polished sentences upon liberty and the rights of nationalities. Both would together have bewailed the horrors of war and the crime of aggression; both would have condemned the tendencies of modern Imperialism and Capitalism; both would have been in complete accord whenever the names of Rhodes, Chamberlain, or Milner were mentioned. And the spectacle of this citizen soldier, called reluctant, yet not unwilling, from the quiet life of his farm to fight bravely in defence of the soil ...
— London to Ladysmith via Pretoria • Winston Spencer Churchill

... the old days they called us cobblers. You think you could work your way up from Mid-Lower to Upper caste with that beginning, Soligen? Zen! we don't even have cobblers any more, shoes are thrown away as soon as they show wear. Sure, sure, sure. Theoretically, under People's Capitalism, you can cross categories into any field you want. But have you ever heard of anybody doing any real jumping of caste levels in any category except Military or Religion? I didn't take the wrong path, religion is a little too strong for even my stomach, which left the Category Military ...
— Frigid Fracas • Dallas McCord Reynolds

... interest but also to workers coming into contact with the revolutionary movement for the first time. The general conception of anarchism that a beginner often gets is that it is something extremely advanced. It is often expressed somewhat as follows: "After capitalism comes socialism and then comes anarchism." Plechanoff very ...
— Anarchism and Socialism • George Plechanoff

... Dr. H. M. Kallen of Wisconsin on "The Meaning of Hebraism." Mrs. E. F. Nickoley, who has traveled extensively in Palestine, gave an interesting talk on the Jews in the Holy Land. Professor Simon Litman of our Faculty spoke on "Jews and Modern Capitalism." Professor E. C. Baldwin of our English department, in speaking on "Prayer," roused a lively interest in the question as to whether prayer is decadent among the Jews. Professor Albert H. Lybyer lectured on "Jews as the Transmitters ...
— The Menorah Journal, Volume 1, 1915 • Various

... room for poverty and riches, and the process of propitiating the supernatural powers is as well within the means of the least of the members as within those of the headman, yet when commercial civilization arrives, and capitalism divides the people into a few rich and a great many so poor that they can barely live, a movement for religious reform will arise among the poor, and will be essentially a movement for cheap or entirely gratuitous salvation. To understand what the poor mean by propitiation, ...
— Preface to Androcles and the Lion - On the Prospects of Christianity • George Bernard Shaw

... made of the same human stuff as you, and has neither horns nor claws nor hoofs, much animosity, many preconceived notions are apt to vanish and you are not so cocksure any longer that the other fellow is a destructive devil of radicalism or a bloated devil of capitalism, as the case ...
— The New York Stock Exchange and Public Opinion • Otto Hermann Kahn

... Social Revolution just as soon as we're educated up to it," he was wont to declare. "If we get it before then, it'll be a worse hash than capitalism. So let's ...
— Success - A Novel • Samuel Hopkins Adams

... boy. History is made by men, but they do not make it in their heads. The ideas that are born in their consciousness play an insignificant part in the march of events. History is dominated and determined by the tool and the production—by the force of economic conditions. Capitalism has made socialism, and the laws made by the capitalism for the protection of property are responsible for anarchism. No one can tell what form the social organisation may take in the future. Then why indulge in prophetic phantasies? At best they can only interpret the ...
— The Secret Agent - A Simple Tale • Joseph Conrad

... many Economic Laws. But again perhaps a word of warning may be desirable. There is much controversy in these days about something called "Capitalism" or "The capitalist system." When these words are used with any precision, they usually refer to the arrangement so prevalent at present, whereby the ownership and sole ultimate control of a business rests with ...
— Supply and Demand • Hubert D. Henderson

... business life, and then take note of the necessary place that particular classes of business men must hold in the structure of our society. I, for my part, look upon this last century of economic progress,—under the sway of what is often called "capitalism" as a term of reproach,—as an immeasurable boon to mankind. It began with the practical utilization of several great inventions, notably that of steam power, which broke up the old household and village industries, gave us the modern factory system, and along with the development of railroads ...
— The business career in its public relations • Albert Shaw

... production of both domestic and export goods. Aggregate output has more than doubled since 1978. On the darker side, the leadership has often experienced in its hybrid system the worst results of socialism (bureaucracy, lassitude, corruption) and of capitalism (windfall gains and stepped-up inflation). Beijing thus has periodically backtracked, retightening central controls at intervals. In 1992-94 annual growth of GDP accelerated, particularly in the coastal areas - to more than 10% annually ...
— The 1995 CIA World Factbook • United States Central Intelligence Agency

... shape the realities or will merely be beaten shapeless by them. The ideal is besieged by inequalities of the most towering and insane description in the industrial and economic field. It may be devoured by modern capitalism, perhaps the worst inequality that ever existed among men. Of all that we shall speak later. But citizenship is still the American ideal; there is an army of actualities opposed to that ideal; but there is ...
— What I Saw in America • G. K. Chesterton

... a long period of peace and neutrality during World War I through World War II, Sweden has achieved an enviable standard of living under a mixed system of high-tech capitalism and extensive welfare benefits. It has a modern distribution system, excellent internal and external communications, and a skilled labor force. Timber, hydropower, and iron ore constitute the resource base of an economy that is heavily oriented ...
— The 1995 CIA World Factbook • United States Central Intelligence Agency

... play no small part. Throughout the whole of the Middle Ages in Europe, and to a large extent in the centuries that followed, families left their homes to set up their hearths anew in other lands. The wanderers were in the majority of cases economic agents with a strongly marked tendency toward capitalism, and they originated capitalist methods and cultivated them. Accordingly, it will be helpful to trace the interaction of migrations and the history ...
— Introduction to the Science of Sociology • Robert E. Park

... a new treatment of the theory of value; but when at work on the classical theory of capital, I made a discovery which at once threw a ray of light into the obscurity that had until then made the practical realisation of the forms of social organisation impossible. I perceived that capitalism stops the growth of wealth, not—as Marx has it—by stimulating 'production for the market,' but by preventing the consumption of the surplus produce; and that interest, though not unjust, will nevertheless in a condition of economic justice become superfluous and objectless. ...
— Freeland - A Social Anticipation • Theodor Hertzka

... rigidity of social system which has hampered in the past the adaptability of its rivals. Even in feudal times there was little law about status; and when the customary arrangement of society in two agricultural classes of landlord and tenant was modified by commerce, capitalism, and competition, nobles adapted themselves to the change with some facility. They took to sheep-farming and commercial speculations, just as later on they took to keeping dairy-shops. It is the smallness ...
— The History of England - A Study in Political Evolution • A. F. Pollard

... menace, when they exceed 1,000,000 are a crime; division of labour and specialization which degrade men to the level of machines; concentration and segregation of industries, the factory system, high finance and international finance, capitalism, trades-unionism and the International, standardized education, "metropolitan" newspapers, pragmatic philosophy, and churches "run on business methods" and recruited by advertising ...
— Towards the Great Peace • Ralph Adams Cram

... institutions. This new doctrine was eagerly adopted by the rich, who were thus enabled to argue that Nature intended that the masses should find no room at her feast; and that therefore our system of industrial capitalism was in harmony with the Will of God. Most comforting dogma! Most excellent anodyne for conscience against acceptance of those rights of man that, being ignored, found terrible expression in the French Revolution! Without discussion, without investigation, and without proof, our ...
— Birth Control • Halliday G. Sutherland

... person whom he has injured allowed to act as judge, jury, and executioner. It is true that employers do act in this way every day to their workpeople; but this is not a justified and intended part of the situation: it is an abuse of Capitalism which nobody defends in principle. As between child and parent or nurse it is not argued about because it is inevitable. You cannot hold an impartial judicial inquiry every time a child misbehaves itself. ...
— A Treatise on Parents and Children • George Bernard Shaw

... Considerant issued his remarkable manifesto, which contains, beautifully developed, all the theoretical considerations upon the growth of Capitalism, which are now described as "Scientific Socialism." Proudhon worked out his idea of Anarchism and Mutualism, without State interference. Louis Blanc published his Organization of Labour, which became later on the programme ...
— The Conquest of Bread • Peter Kropotkin

... require a specialist's knowledge. It is a bad thing if a writer tackles a subject he does not understand. We have specialists for dealing with special questions: it is their business to judge of the commune, of the future of capitalism, of the evils of drunkenness, of boots, of the diseases of women. An artist must only judge of what he understands, his field is just as limited as that of any other specialist—I repeat this and insist on it always. That in his sphere there are no ...
— Letters of Anton Chekhov • Anton Chekhov

... the Bolshevik revolution in Russia showed the stand taken by the reformist groups—a stand in defense of capitalism when capitalism was about to fall—the uncompromisingly revolutionary attitude of Marxian Socialists toward reform in the past was amply justified. And when, in the course of a few months, the reformistic Majority Socialists of Germany took exactly the same stand as the Kerensky crowd ...
— The Red Conspiracy • Joseph J. Mereto

... an historical fact as well as a psychological one that you do not get rid of traits or institutions except as you replace them with something of positive service, or greater competitive value. The institution of capitalism exists not because of its predatory character, but because in spite of its exploitation it promotes industry, and labor and other industrial technicians do not. As our industrial institutions have grown out of a predatory ...
— Creative Impulse in Industry - A Proposition for Educators • Helen Marot

... even as his relatives counted riches. Sophie had very advanced and decided views as to the distribution of money: it was a pleasing and fortunate circumstance that she also had the money. When she inveighed eloquently against the evils of capitalism at drawing-room meetings and Fabian conferences she was conscious of a comfortable feeling that the system, with all its inequalities and iniquities, would probably last her time. It is one of the consolations of middle-aged reformers that the good they inculcate ...
— Beasts and Super-Beasts • Saki

... credit Mr. Belloc is the fact of his envisagement of the possibility of this war. Europe, Mr. Belloc argues, reposes upon the foundations of nationality. Internationalism, whether it be expressed in the financial rings of Capitalism or the world-wide brotherhoods of Socialism, is only made possible by a harmony of the wills of the great European nations. Should a conflict of wills not merely exist but break out into expression in war, internationalism, though outwardly so powerful, must inevitably go by the board and the ancient ...
— Hilaire Belloc - The Man and His Work • C. Creighton Mandell

... share of the public domain; throughout certain parts of the West and in the South were far-stretching, magnificent forests covered with the growth of centuries. To want and to get them were the same thing, with a Government in power representative of capitalism. ...
— Great Fortunes from Railroads • Gustavus Myers

... Railwaymen in England, 1919, in France, 1920.] It regards the State as fixed, rigid, and intellectual, and adopts all the Bergsonian anathemas it can find which condemn intellectual constructions, concepts, and thought in general. Its war-cry is not only "Down with Capitalism" but also, in a great number of cases, "Down with Intellectualism"! Instinct and impulse alone are to be guides. Syndicalism, unlike Socialism, has no programme—it does not believe in a prearranged plan. Reality, it says, quoting Bersgon, ...
— Bergson and His Philosophy • J. Alexander Gunn

... says (II, 243): "If the blacks were gross and bestial, so would our race be under a like bondage; so it is now when driven by capitalism to the lower levels of misery. The allegedly superior morality of the master race or class is not an inherent trait but merely a function of economic ease and ethical tradition." He then discusses slave breeding, which was so degrading as to force sexual relations ...
— The Journal of Negro History, Volume 4, 1919 • Various

... colonies will throw themselves eagerly into the arms of America. Then will come America's turn, and, finally, it is quite likely that we shall all have to combine to overthrow the last stronghold of capitalism in some South African bourgeois republic. I can well imagine," he said, looking far away with his bright little eyes through the walls of the dark dining room, "that the working men's republics of Europe may have to have a ...
— Russia in 1919 • Arthur Ransome

... accepted axioms of the period equated colonies with national prosperity. The more successful colonizing empires of the seventeenth and eighteen centuries became the strongholds of nineteenth century monopoly capitalism. ...
— Civilization and Beyond - Learning From History • Scott Nearing

... with the Ohio and the Missouri as laterals, constitute the vast water system that binds the Middle West together. It is the economic and political center of the Republic. At one edge is the Populism of the prairies; at the other, the capitalism that is typified in Pittsburgh. Great as are the local differences within the Middle West, it possesses, in its physiography, in the history of its settlement, and in its economic and social life, a unity and interdependence which warrant a study ...
— The Frontier in American History • Frederick Jackson Turner



Words linked to "Capitalism" :   private enterprise, venture capitalism, capitalist, laissez-faire economy, state capitalism, market economy, capitalist economy, free enterprise, socialism



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