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Capitalism   Listen
noun
capitalism  n.  An economic system based on predominantly private (individual or corporate) investment in and ownership of the means of production, distribution, and exchange of goods and wealth; contrasted with socialism or especially communism, in which the state has the predominant role in the economy.
Synonyms: capitalist economy.






Collaborative International Dictionary of English 0.48








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"Capitalism" Quotes from Famous Books



... of the socialist who holds that the ties of common labor and economic state are fundamental, and divisions into nationality are secondary and unimportant; and that militarism belongs to the pernicious state of society which perpetuates capitalism and privilege and to government as a function of the ...
— The Psychology of Nations - A Contribution to the Philosophy of History • G.E. Partridge

... Revolution will be the last act in the present tragedy; possible that murderous militarism will be drowned in the blood of its numberless victims; that the people of the different countries will unite against the bloody regime of modern Capitalism and its institutions, and finally produce a new social culture upon the basis ...
— The Healing of Nations and the Hidden Sources of Their Strife • Edward Carpenter

... witnessing something very like the suicide of civilization itself. There are people in both camps who believe that armed and economic conflict between revolutionary and non-revolutionary Europe, or if you like between Capitalism and Communism, is inevitable. These people, in both camps, are doing their best to make it inevitable. Sturdy pessimists, in Moscow no less than in London and Paris, they go so far as to say "the sooner the better," and by all means in their power try to precipitate a conflict. Now the main effort ...
— The Crisis in Russia - 1920 • Arthur Ransome

... Sonia, has rescued her from that injustice, and enshrined her among the saints. He has lifted the Chicago anarchists out of their infamy, and shewn that, compared with the Capitalism that killed them, they were heroes and martyrs. He has done this with the most unusual power of conviction. The story, as he tells it, inevitably and irresistibly displaces all the vulgar, mean, purblind, spiteful versions. There ...
— Dark Lady of the Sonnets • George Bernard Shaw

... economic, industrial and agrarian legislation of a very radical and extensive kind. Their horizon of vision includes the sufferings and aspirations of the often incongruous elements of the vast whole, but their ideology is still based on the long outworn idealistic capitalism and for this reason alone does not and cannot appeal to not-owning classes. Their agrarian program is in this respect the most striking example. It is worked out in great detail and is aimed at a betterment of the condition of peasants without deep injury ...
— The Russian Revolution; The Jugo-Slav Movement • Alexander Petrunkevitch, Samuel Northrup Harper,

... The struggle culminated in the great strike against the Harvester Company of Chicago, the massacre of the strikers, and the judicial murder of the labor leaders, which followed upon the historic Haymarket bomb explosion. The Anarchists stood the martyr test of blood baptism. The apologists of capitalism vainly seek to justify the killing of Parsons, Spies, Lingg, Fischer, and Engel. Since the publication of Governor Altgeld's reason for his liberation of the three incarcerated Haymarket Anarchists, no doubt is left that a fivefold legal murder had been ...
— Anarchism and Other Essays • Emma Goldman

... happy time, when Rome felt that she could breathe again after the final defeat of her deadly enemy, began the great inpouring of wealth of which the capitalism of Cicero's time is the direct result. The chief sources of this wealth, so far as the State was concerned, were the indemnities paid by conquered peoples, especially Carthage and Antiochus of Syria, and the booty brought home by victorious generals. Of these Livy has preserved explicit ...
— Social life at Rome in the Age of Cicero • W. Warde Fowler

... in polished sentences upon liberty and the rights of nationalities. Both would together have bewailed the horrors of war and the crime of aggression; both would have condemned the tendencies of modern Imperialism and Capitalism; both would have been in complete accord whenever the names of Rhodes, Chamberlain, or Milner were mentioned. And the spectacle of this citizen soldier, called reluctant, yet not unwilling, from the quiet life of his farm to fight bravely in defence of the soil on which he lived, which his ...
— London to Ladysmith via Pretoria • Winston Spencer Churchill

... words, sums up the greater part of labor's progress. We blame capitalism and its wasteful, brutal industrial system for all our social problems, but our numbers were vast and our bondage grievous before modern industry came into existence. We may curse the trusts, but our subjection was accomplished before the trusts had emerged ...
— Woman and the New Race • Margaret Sanger

... manager. The old servants were paid after some trouble. The local storekeepers and one or two firms in Sydney, who had large accounts against the Imperial Hotel (and had trusted it, mainly because it was patronized by Capitalism and ...
— Children of the Bush • Henry Lawson

... most." When M. Hanotaux spoke these words with a Hebraic fervor of conviction, I did not have to be told what he meant. The people of our time have sinned through their hot desire for material possession of the earth and its riches—through commercialism, capitalism, call it what you will. Each great nation has made its selfish race for economic advancement at the expense of other peoples: commercial rivalry has largely begotten this bloody war, which is essentially ...
— The World Decision • Robert Herrick

... in political institutions. This new doctrine was eagerly adopted by the rich, who were thus enabled to argue that Nature intended that the masses should find no room at her feast; and that therefore our system of industrial capitalism was in harmony with the Will of God. Most comforting dogma! Most excellent anodyne for conscience against acceptance of those rights of man that, being ignored, found terrible expression in the French Revolution! Without discussion, without ...
— Birth Control • Halliday G. Sutherland

... of the widely accepted axioms of the period equated colonies with national prosperity. The more successful colonizing empires of the seventeenth and eighteen centuries became the strongholds of nineteenth century monopoly capitalism. ...
— Civilization and Beyond - Learning From History • Scott Nearing

... Italo-Slav hatred are, as Gaetano Salvemini, the anti-chauvinist, pointed out in the Unita of Florence, those professional gladiators who would lose their job, those agents of the Italo-German-Levantine capitalism of the Triest Chamber of Commerce who want to be rid of the competition of Rieka and think that this can only be obtained by annexation, and also those Italian Nationalists who believe that the only path to national greatness is by acquiring territory ...
— The Birth of Yugoslavia, Volume 2 • Henry Baerlein

... result of the conclusion of the Four Power Pact between America, Great Britain, France and Japan. Within this general alliance of the exploiting Powers, there is a subordinate grouping of America and Great Britain against France and Japan, the former standing for international capitalism, the latter for national capitalism. The situation is not yet plain, because England and America disagree as regards Russia, and because America is not yet prepared to take part in the reconstruction ...
— The Problem of China • Bertrand Russell

... disgusted with the commercialism of the believers. They were clever young artisans from Russia and Poland with a smattering of education, a feverish receptiveness for all the iconoclastic ideas that were in the London air, a hatred of capitalism and strong social sympathies. They wrote vigorous jargon for the Friend of Labor and compassed the extreme proverbial limits of impiety by "eating pork on the Day of Atonement." This was done partly to vindicate their religious opinions ...
— Children of the Ghetto • I. Zangwill

... platform is the "Erfurt programme" of 1891, contemplating the abolition of class government and of classes themselves, the termination of every kind of exploitation of labor and oppression of men, the destruction of capitalism, and the inauguration of an economic regime under which the production and distribution of goods shall be controlled by the state exclusively. The Radical Socialists, i.e., the old-line members of the party, cling to these time-honored articles ...
— The Governments of Europe • Frederic Austin Ogg

... Political Ideals II: Capitalism and the Wage System III: Pitfalls in Socialism IV: Individual Liberty and Public Control V: National Independence ...
— Political Ideals • Bertrand Russell

... according to the period, be a primeval taboo, the utterances of the Delphic oracle, the Athanasian creed, the Inquisition, the geocentric theory, monarchy by the grace of God, witchcraft, slavery, war, capitalism, private property, or noble isolation. All of these tend to appear to the conservative under the aspect of eternity, but all of these things have come, many of them have gone, and the remainder would seem to be subject to ...
— The Mind in the Making - The Relation of Intelligence to Social Reform • James Harvey Robinson

... and neutrality during World War I through World War II, Sweden has achieved an enviable standard of living under a mixed system of high-tech capitalism and extensive welfare benefits. It has a modern distribution system, excellent internal and external communications, and a skilled labor force. Timber, hydropower, and iron ore constitute the resource base of an economy heavily ...
— The 1996 CIA Factbook • United States. Central Intelligence Agency.

... has passed the stage of labor-agitation. Indeed, it has been transformed in the reign of the present Kaiser from agitation against capitalism within the empire to agitation for the expansion of Germany in the territory of its neighbors throughout the world, that German labor may, through German arms, enter into and possess the land without. German Socialism is thus allied with German militarism, and it has also become the ...
— The Audacious War • Clarence W. Barron

... still to see Travis and report on his work. The candidate was waiting anxiously at his hotel after a big political mass meeting on the East Side, at which capitalism and the bosses had been hissed to the ...
— The Poisoned Pen • Arthur B. Reeve

... necessary and important in the role they play in industry. With this growing economic importance, and with the increasing need of capitalism for more children to augment the labor and military supply, the power of women will probably increase marvelously during the next few years. Governments will reward the surrender of woman to man, while ...
— Women As Sex Vendors - or, Why Women Are Conservative (Being a View of the Economic - Status of Woman) • R. B. Tobias

... sufficiently educated to permit of any effectual remedy being applied. The workers themselves had failed to visualise its fundamental causes, land monopoly and the competitive system of industry giving rise to an ever-increasing private capitalism which, to a very large extent, had controlled the Legislature. All through the last century this rapid accumulation of wealth due to extensive manufacturing industries led to a still greater increase ...
— Alfred Russel Wallace: Letters and Reminiscences Vol 2 (of 2) • James Marchant

... human beings of so many different races, with no common history and often no common language, this particular task has fallen to the lot of no other nation on the face of this earth. Efforts at organization of the people and by the people, are perpetually being undermined. Capitalism is nationally fairly well organized, so that there has been all the time more and more agreement among the great lords of finance, not to trespass on one another's preserves. But it is not so with the workers. Even in trades ...
— The Trade Union Woman • Alice Henry

... couple o' times on the campus," said Fred. "He's in one of my classes. He's about the oldest in our class, I guess—a lot older than us, anyhow. He's kind of an anarchist or something; can't talk more'n five minutes any time without gettin off some bug stuff about 'capitalism.' He said the course in political economy was all 'capitalism' and the prof was bought ...
— Ramsey Milholland • Booth Tarkington

... have faith even in the gutter is an act of deep imagination. In the rotting rooms beneath me lives a worker with a family of six girls and one boy. Capitalism has crucified his carcass for fifty years and now 'laid him off.' He has been looking for work for the last month. I watch the insanity in his restless, aimless movements, and I feel desperate enough to try to get him a job. Unfortunately, he does not drink; so his pipe, ever ...
— An Anarchist Woman • Hutchins Hapgood

... small part. Throughout the whole of the Middle Ages in Europe, and to a large extent in the centuries that followed, families left their homes to set up their hearths anew in other lands. The wanderers were in the majority of cases economic agents with a strongly marked tendency toward capitalism, and they originated capitalist methods and cultivated them. Accordingly, it will be helpful to trace the interaction of migrations and the history ...
— Introduction to the Science of Sociology • Robert E. Park

... between the classes, Marx failed to recognize the deeper unity of the proletariat and the capitalist. Nineteenth century capitalism had in reality engendered and cultivated the very type of working class best suited to its own purpose—an inert, docile, irresponsible and submissive class, progressively incapable of effective and aggressive organization. Like the economists of the Manchester school, Marx ...
— The Pivot of Civilization • Margaret Sanger

... and we shall consider in its place the question of whether the ideal will be able to shape the realities or will merely be beaten shapeless by them. The ideal is besieged by inequalities of the most towering and insane description in the industrial and economic field. It may be devoured by modern capitalism, perhaps the worst inequality that ever existed among men. Of all that we shall speak later. But citizenship is still the American ideal; there is an army of actualities opposed to that ideal; but there is no ideal opposed to that ideal. American plutocracy ...
— What I Saw in America • G. K. Chesterton

... shining things which days of war have left us. Men who must base their great claim on what has been done in the past are not the men to shape the future—or even carry the heritage across the bridge. War is now a faithful servant of capitalism. Its glorious days are over. It's even a question whether it's longer valuable as a servant. It may lose its job before its master loses his. In any case, it goes with capitalism; and if the good old war virtues are to be saved out of the wreck it's ...
— The Visioning • Susan Glaspell

... are trying to bribe me! Capitalism is casting its net over me! You are trying to make me a serf: trying to silence a Free Voice! But I will resist! I will not be enslaved! I will not write ads. I will ...
— Hermione and Her Little Group of Serious Thinkers • Don Marquis

... as well as a psychological one that you do not get rid of traits or institutions except as you replace them with something of positive service, or greater competitive value. The institution of capitalism exists not because of its predatory character, but because in spite of its exploitation it promotes industry, and labor and other industrial technicians do not. As our industrial institutions have grown out of a predatory concept ...
— Creative Impulse in Industry - A Proposition for Educators • Helen Marot

... profoundly the psychology of the masses is being altered by education, by the newspaper, the magazine, the movie, the automobile, the fashion changes that make a dress obsolete in a season and above all the department store and the alluring advertisement, no one can hope to even estimate. Modern capitalism reaps great wealth by developing the luxurious, the spendthrift tastes of the poor. It would be a peculiar poetic justice that will make that development into the basis ...
— The Nervous Housewife • Abraham Myerson

... whole structure of civilization if we told," said he. The woman put back the incense-stick into its holder, got up and came to stand beside him. "Imagine the horrible, vulture-like scramble of capitalism to exploit that dyke of gold! There'd be expeditions, pools, combines, wars—we'd have the blood of uncounted thousands ...
— The Flying Legion • George Allan England

... trying adventures the socialists reached the site of the communistic settlement and found opportunity to study and compare Socialism in practice and in theory. They had at last done away with the bad old methods of capitalism, which "ground the people down and robbed them of rest, energy, food and life"; so the "New Australians" determined to avoid drudgery in their new life, and were very keen on being properly "uplifted." There ...
— The Sequel - What the Great War will mean to Australia • George A. Taylor

... greeted the termination of his speech, but it was obvious from some of the men's faces that they resented Grinder's remarks. These men ridiculed Socialism and regularly voted for the continuance of capitalism, and yet they were disgusted and angry with Grinder! There was also a small number of Socialists—not more than half a dozen altogether—who did not join in the applause. These men were all sitting at ...
— The Ragged Trousered Philanthropists • Robert Tressell

... section has been slightly changed to make sure of guarding against the advocacy of armed insurrection. Socialists throughout the world want a peaceful evolution from capitalism into socialism; but whether or not it will be so in the case of any country is, as Lenin prophesies, to be determined by the dealings of its capitalists with its laborers. In reply to an inquiry on ...
— Communism and Christianism - Analyzed and Contrasted from the Marxian and Darwinian Points of View • William Montgomery Brown

... right of the Nation to exercise this power continued unquestioned. But changing conditions obscured the matter in the sight of the people as a whole; and the conscious and the unconscious advocates of an unlimited and uncontrollable capitalism gradually secured the whittling away of the National power to exercise this theoretical right of control until it practically vanished. After the Civil War, with the portentous growth of industrial combinations in this country, came a period of reactionary decisions by the courts which, as regards ...
— Theodore Roosevelt - An Autobiography by Theodore Roosevelt • Theodore Roosevelt

... integrity of the system based on land tenures, land was ceasing to be the only form of productive wealth. Hence it was losing the exclusive importance attaching to it in the earlier period of the Middle Ages. The first form of modern capitalism had already arisen. Large aggregations of capital in the hands of trading companies were becoming common. The Roman law was establishing itself in the place of the old customary tribal law which had hitherto prevailed ...
— German Culture Past and Present • Ernest Belfort Bax

... the House, twenty-nine were security holders, and of these twenty-one voted for and eight voted against assumption. But the facts disclosed do not sustain his theory that the issue was essentially a conflict between capitalism and agrarianism. The assumption bill was lifted to its place on the statute book through the leverage exerted by Hamilton and Jefferson, with Washington's prestige as their fulcrum. The characters of these ...
— Washington and His Colleagues • Henry Jones Ford

... the destiny of our race had not William III foreseen the outcome and restored war, the blessings of which had been all but lost to the world. The progress of peace depended upon the competition of capitalism, but in peace progress is incidental. In war it is essential. Because war requires invention, it saved the intellectual classes, and because war requires authority it made possible the restoration of our Royal House. Labour, the tyrant of peace, became again the ...
— City of Endless Night • Milo Hastings

... of decadence. Who then can decide where art ends and pornography begins, or how far eroticism may without danger be expressed in art? This question is so difficult and delicate that I am unable to answer it with sufficient competence. I think that when the reign of capitalism and alcohol has come to an end, the danger of pornography will be reduced enormously. I believe we ought to avoid extremes in both directions. Wherever pornography manifests itself in a purely cynical way, denuded of all art, society can and should suppress it. When ...
— The Sexual Question - A Scientific, psychological, hygienic and sociological study • August Forel

... machinery, the feudalism of corporation-dominated economy, the economic supremacy of the North over the South and the West. In The Great Frontier (Houghton Mifilin, Boston, 1952) he considers the Western Hemisphere as a frontier for Europe—a frontier that brought about the rise of democracy and capitalism and that, now vanished as a frontier, foreshadows the vanishment of democracy ...
— Guide to Life and Literature of the Southwest • J. Frank Dobie

... methods have helped spur production of both domestic and export goods. Aggregate output has more than doubled since 1978. On the darker side, the leadership has often experienced in its hybrid system the worst results of socialism (bureaucracy, lassitude, corruption) and of capitalism (windfall gains and stepped-up inflation). Beijing thus has periodically backtracked, retightening central controls at intervals. In 1992-94 annual growth of GDP accelerated, particularly in the coastal areas - to more than 10% annually ...
— The 1995 CIA World Factbook • United States Central Intelligence Agency

... brilliant present and the glorious future were veiled by a screen that showed the ghastly spectres of commercial imperialism. It showed luxury running riot amongst a nobility already impoverished and ever more thievishly inclined, a colossal capitalism clutching at the land and stretching out its tentacles for every source of profitable trade, the middle class fleeing from the country districts and ousted from their living in the towns, and the fair island that was almost a part of ...
— A History of Rome, Vol 1 - During the late Republic and early Principate • A H.J. Greenidge

... theory of capital, I made a discovery which at once threw a ray of light into the obscurity that had until then made the practical realisation of the forms of social organisation impossible. I perceived that capitalism stops the growth of wealth, not—as Marx has it—by stimulating 'production for the market,' but by preventing the consumption of the surplus produce; and that interest, though not unjust, will nevertheless in a condition of economic ...
— Freeland - A Social Anticipation • Theodor Hertzka

... talked on "Life Among Medieval Spanish Jews," and Dr. H. M. Kallen of Wisconsin on "The Meaning of Hebraism." Mrs. E. F. Nickoley, who has traveled extensively in Palestine, gave an interesting talk on the Jews in the Holy Land. Professor Simon Litman of our Faculty spoke on "Jews and Modern Capitalism." Professor E. C. Baldwin of our English department, in speaking on "Prayer," roused a lively interest in the question as to whether prayer is decadent among the Jews. Professor Albert H. Lybyer lectured on "Jews as the Transmitters of Culture from the Moslems ...
— The Menorah Journal, Volume 1, 1915 • Various

... rather than study the French Revolution and live in the nineteenth century. One hundred years after we find that the chains are still forged, that thought is not yet free. Thus the Negro Problem began to be, and still is, very largely the problem of the white man of the South. The era of capitalism had not yet dawned, and still far in the future was the day when the poor white man and the Negro were slowly to realize that ...
— A Social History of the American Negro • Benjamin Brawley

... of this. The International, unfortunately divided by war, has not been seen in Europe in weeks. I find it again in the United States. These United States, which are to be, not merely the United States of America, or the United States of capitalism, but the United States of the ...
— New York Times Current History: The European War from the Beginning to March 1915, Vol 1, No. 2 - Who Began the War, and Why? • Various

... the common fund, which all equally shared, and that even necessary personal attendance, as of the physician, was rendered as to the state like that of the military surgeon. All these wonders, it was explained, had very simply come about as the results of replacing private capitalism by public capitalism, and organizing the machinery of production and distribution, like the political government, as business of general concern to be carried on for the public ...
— Equality • Edward Bellamy

... the artist's business to solve problems that require a specialist's knowledge. It is a bad thing if a writer tackles a subject he does not understand. We have specialists for dealing with special questions: it is their business to judge of the commune, of the future of capitalism, of the evils of drunkenness, of boots, of the diseases of women. An artist must only judge of what he understands, his field is just as limited as that of any other specialist—I repeat this and ...
— Letters of Anton Chekhov • Anton Chekhov

... study in our schools can its wounds be healed. The central subject of a liberal education should be "To-day," the great difficulties amongst which we are all groping, the great problems awaiting solution, the great movements, capitalism and socialism, imperialism and internationalism, freedom and authority, that are battling for mastery or negotiating for a workable compromise. The value of the classics lies wholly in the contribution ...
— The School and the World • Victor Gollancz and David Somervell

... of the one day in the week when the poor man's wife has a few shillings and when the poor caterer for the poor man's wants gleans in the profit field after the stray ears of corn that escape the machine-reaping of retail capitalism. It was filled by a crushing, hustling, pushing mass of humans, some buying, more bartering, most swept aimlessly along in the living currents that moved ceaselessly to and fro. In one of these currents Ned found himself caught, with Nellie. ...
— The Workingman's Paradise - An Australian Labour Novel • John Miller

... than beds. But within my lifetime the iron mills have made possible the dollar bedstead. The working man can fill his house with beds bought with the wage he earns in half a week. This, I suppose, is one of the "curses of capitalism." ...
— The Iron Puddler • James J. Davis

... bring. The literary world then agreed that truth survived in Germany alone, and Carlyle, Matthew Arnold, Renan, Emerson, with scores of popular followers, taught the German faith. The literary world had revolted against the yoke of coming capitalism — its money-lenders, its bank directors, and its railway magnates. Thackeray and Dickens followed Balzac in scratching and biting the unfortunate middle class with savage ill-temper, much as the middle ...
— The Education of Henry Adams • Henry Adams



Words linked to "Capitalism" :   capitalist, private enterprise, state capitalism, venture capitalism, laissez-faire economy, market economy, free enterprise, socialism



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