historical usage of capitalism
On the surface, the meaning of capitalism seems straightforward, referring to an economic system in which private individuals, rather than governments, own property and businesses. But beneath the surface, strong currents of opinion and theory swirl about the term. Many people fiercely espouse capitalism as an economic freedom inseparable from democracy, as reflected in several books considered classics and still avidly read today: for example, Capitalism and Freedom by Nobel laureate Milton Friedman (first published in 1962), and Capitalism, Socialism and Democracy by Joseph A. Schumpeter (first published in 1943). So it may be a challenge to use the term without triggering a discussion of its broader political context.
popular references for capitalism
— The Intelligent Woman's Guide to Socialism and Capitalism: A treatise on economics and political science by Irish playwright George Bernard Shaw, first published in 1928.
— The Intelligent Homosexual's Guide to Capitalism and Socialism with a Key to the Scriptures: 2009 play by Tony Kushner. The play's title was inspired by Shaw's book and Mary Baker Eddy's Science and Health with Key to the Scriptures.
— Capitalism: A Love Story: 2009 documentary film written and directed by, and starring, Michael Moore.
—Monopoly, the classic capitalism board game, from Hasbro. (“The success of Monopoly mirrors the success of capitalism,” noted Philip E. Orbanes, in his 2006 book, Monopoly: The World's Most Famous Game. )
OTHER WORDS FROM capitalisman·ti·cap·i·tal·ism, noun pro·cap·i·tal·ism, noun
Quotations related to capitalism
"History suggests only that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition."-Milton Friedman Capitalism and Freedom (1962)
"[F]rom the beginning, capitalism has been characterized by a tension between laissez-faire and intervention—laissez-faire representing the expression of its economic drive, intervention its democratic political orientation."-Robert Heilbroner and Lester Thurow Economics Explained (1982)
"[C]apitalism works better than it sounds, while socialism sounds better than it works."-Richard M. Nixon Beyond Peace (1994)
Words nearby capitalism
Example sentences from the Web for capitalism
He expected European capitalism to evolve spontaneously into a market socialism of worker-owned cooperatives.
By the implicit laws of capitalism, I'm pretty sure this makes Bieber the new commander in chief.Justin Bieber Isn’t Even 21, Yet Makes More Money Than Meryl Streep |Amy Zimmerman |November 25, 2014 |DAILY BEAST
In other words, the Supreme Court has defined democracy as a branch of capitalism, right up to the point of actual vote-buying.Undo Citizens United? We’d Only Scratch the Surface |Jedediah Purdy |November 12, 2014 |DAILY BEAST
Early advocates of the free market, like Adam Smith, made two distinct arguments for capitalism.
The other argument for capitalism was that markets make people nicer.
Capitalism had to have intelligent workers and many educated ones.
In so far as it is false, however, it is a gracious falsehood in the light of the spirit of capitalism.
There is a close affinity between Anarchism and the idea of capitalism, for both place the individual above society.
It probes the secrets of capitalism and labor, of politics and journalism with a surety and a conviction almost discomposing.Quincy Adams Sawyer and Mason's Corner Folks |Charles Felton Pidgin
Capitalism is, to be sure, not the whole of modern life; nor was feudalism the whole of the life of the Middle Ages.