An economic system based on private ownership in which the major goal is to obtain profit. A free market economy.
by Gavrik July 5, 2005
When no birthday money
by Ibeatyourepicmeat August 24, 2020
An economic system based on private ownership of the means of production, in which personal bling can be acquired through investment of capital and employment of peeps. Capitalism is grounded in the concept of fo' real enterprise, which argues that the man's intervention in the economy should be restricted and that a free market, based on supply and demand, will ultimately maximize consumer dough. These principles were most notably pwned in Adam Smith's treatise, The Wealth of Nations (1776), in which he opposed the prevailing theory of mercantilism. Capitalism has existed in a limited form in the economies of all hoods, but its modern importance dates at least from the Industrial Revolution that began in the 18th century, when bankers, merchants, playas and industrialists (the bourgeoisie) began to displace landowners in political, economic, and social importance, particularly in Great Britain. Capitalism stresses freedom of individual economic enterprise; however, government action has been and is required to curb its playa-hating, which have ranged from slavery (particularly in Britain and the United States), haxors(In Diablo and CS servers), and apartheid (in South Africa) to monopoly cartels and financial fraud. Capitalism does not presuppose a specific form of social or political organization-type shit: the democratic socialism of the Scandinavian states, the consensus politics of Japan, and the state-sponsored rapid industrial growth of South Korea while under military pwnage all coexist with capitalism. Yet despite the capitalist ideal of “hands-off” government, significant government 1337ness has existed in most capitalist nations at least since the Great Depression in the 1930s. In the United States, it exists in the form of subsidies, tax credits, incentives, free hours of AOL, and other types of exemptions. Though private production plays a major role in the economies of Germany and Japan, both nations have centrally planned industrial policies in which bankers, industrialists, playas, pimps, hos and labor unions meet and seek to agree to wage policies and interest rates; these countries reject the idea of letting the bling wholly determine the economy. The collapse of the Soviet Union and its fugly states in Eastern Europe (1989-91) left those countries with a heavy burden, much shit, and an uncertain future, representing a substantial retreat in the power of capitalism's traditional economic opponent, socialism. Also uncertain is the future course of China's economy, in which small-scale capitalism is increasingly allowed within a strictly Communist political deal.
Joe: I think Capitalism is a sham and can seriously hurt countries economically
Tim: GET OUT OF MY SIGHT YOU LIBERAL PINKO COMMIE!
Tim: GET OUT OF MY SIGHT YOU LIBERAL PINKO COMMIE!
by Honest Abe December 23, 2004
You have two cows. You sell three of them to your publicly listed company, using letters of credit opened by your brother-in-law at the bank, then execute a debt/equity swap with an associated general offer so that you get all four cows back, with a tax exemption for five cows. The milk rights of the six cows are transferred via an intermediary to a Cayman Island company secretly owned by the majority shareholder who sells the rights to all seven cows back to your listed company. The annual report says the company owns eight cows, with an option on one more. You sell one cow to buy a new president of the United States, leaving you with nine cows. No balance sheet provided with the release. The public buys your bull.
Normal guy: "Dude, your company just took a crap but you just bought that mansion! How'd you do it?"
Douchebag CEO: "Capitalism."
Douchebag CEO: "Capitalism."
by DeskFlyer August 22, 2009
*nico bellic put a dollar into a vending machine*
*the machine swallow the cash but doesn't give out the canned drinks it contains*
nico: capitalism is a dirty business
*the machine swallow the cash but doesn't give out the canned drinks it contains*
nico: capitalism is a dirty business
by Haradrim September 19, 2011
Something I'd probably advocate if what the rich wanted us to believe was actually true, that the poor are lazy and the rich are hard working.
Moron: I'm a capitalist because I know that every poor person is lazy and that if I work hard, I'll be rich because only hard workers get rich.
Smart guy: So the rich never screw anyone over to get there?
Moron: Not at all! Don't let those stupid liberals convince you otherwise.
Smart guy: You think capitalism is perfect?
Moron: Yes!
Smart guy: So the rich never screw anyone over to get there?
Moron: Not at all! Don't let those stupid liberals convince you otherwise.
Smart guy: You think capitalism is perfect?
Moron: Yes!
by blackwhitebrown9 November 7, 2010