A socioeconomic system based on financial subservience, minimalist government, the polarization of society, and the allocation of economic control to any number of petty, competing parties.
Usually coexists with commercialism and plutocracy
"By using the means of production, the workers produces new goods which become the property of the capitalist. It is important to understand that even in theory the payment of the worker is not determined by the value of his product. Private capital tends to become concentrated in few hands, partly because of competition among the capitalists, and partly because technological development and the increasing division of labor encourage the formation of larger units of production at the expense of smaller ones. The result of these developments is an oligarchy of private capital the enormous power of which cannot be effectively checked even by a democratically organized political society." - Albert Einstein