Definition of capitalism in English:
An economic and political system in which a country’s trade and industry are controlled by private owners for profit, rather than by the state.
- Lenin says we have to confront capitalism at a political, not just an economic, level.
- Marx argued that capitalism could not be patched up to make it a fair system.
- Under capitalism all profit is ultimately the result of the exploitation of the workers.
free enterprise, private enterprise, the free market;
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