capitalisms

Noun

capitalism (countable and uncountable, plural capitalisms)

1. A socio-economic system based on private ownership of resources, and capital and their exploitation for profit.
   • What this war has demonstrated is that private capitalism—that is, an economic system in which land, factories, mines and transport are owned privately and operated solely for profit—does not work. It cannot deliver the goods. This fact had been known to millions of people for years past, but...1941, George Orwell, The Lion and the Unicorn, Pt. II
   1. (Marxism) An economic system based on private control of the means of production and the exploitation of labour by capital.
   2. An economic system based on private property and the abstraction of resources into the form of privately owned capital, with economic decisions made largely through the operation of a market unregulated by the state.