An economic system that is hierarchal, under which wealth is accumulated by those few in control of the hierarchy, though the surplus value of wealth created by people who work, in partnership with a government that subsidizes industry, while opposition is suppresed. In the United States, it is called Democracy.
Capitalism is great. I can choose from 20 diffent kinds of catsup but I can't afford to see a doctor.
by eugene February 01, 2004