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.
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
by Albie Wangsta March 25, 2004
Get the capitalism mug.Anarcho-Capitalism is redundent in using the term "capitalism". With anarchy there is no government...hence no restrictions on capitalism. It's like saying Libertarian who loves freedom, or intelligent genius.
Anarcho-Capitalism promotes a stateless society, where people are unprotected from buying things they might actually want. Anarcho-Capitalism allows employers to pay employees whatever they want...but what's worse is it allows employees to actually accept any wage they want.
by Bucky O'Hare May 3, 2006
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One who supports the ideals of a capitalistic or free society. Such a society has no restrictions on what individuals may do aside from initiating force against other individuals. Therefore, no one may harm or steal from another.
This allows for a very large degree of individual freedom, as people may do anything that they so choose so long as no one else is harmed. It also results in a strong economy, as people are only able to consume as much as they are able to produce. Therefore, no one becomes burdensome or a "drain" on society. Anyone who is unable to produce enough to survive is helped by others through charities as opposed to taxation (or theft).
This allows for a very large degree of individual freedom, as people may do anything that they so choose so long as no one else is harmed. It also results in a strong economy, as people are only able to consume as much as they are able to produce. Therefore, no one becomes burdensome or a "drain" on society. Anyone who is unable to produce enough to survive is helped by others through charities as opposed to taxation (or theft).
The United States of America is not a capitalist country. No capitalist country exists today. However, the countries closest to capitalism tend to have the most success.
A capitalist society is a free society.
Socialists hate capitalism because they fear liberty.
A capitalist society is a free society.
Socialists hate capitalism because they fear liberty.
by FreeThinkingRadical February 21, 2008
Get the Capitalist mug.Three words: Does not work. Of course, neither does communism, but since people are evil in nature, we'll pretty much never be happy.
Stalin to Russian government: "Maybe we should switch to capitalism" (Awkward silence)
Everyone: (roaring laughter)
Everyone: (roaring laughter)
by Dominik92 February 27, 2008
Get the capitalism mug.by Anonymous June 8, 2003
Get the capitalism mug.Otherwise known as free market anarchism. The only political philosophy that offers true freedom in all respects - Both politically, and economically. It entails a lack of formal government combined with a completely free market.
by Totallynotaraper September 13, 2011
Get the anarcho-capitalism mug.by Anonymous123454 May 12, 2008
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