The dictionary definition of capitalism is: An economic system characterized by private ownership of capital goods and by investments that are determined by private decision rather than by state control. Prices, production and distribution of goods are determined by a free market.
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But most writers and commentators put dishonest altruistic-platonistic connotations on the meaning of capitalism: A system of exploitation of the weak by the strong -- devoid of love and good will. A system in which unwanted goods and services are pushed onto consumers through clever, deceptive advertising for the sole purpose of profits and greed. Capitalism dominates most Western governments. Capitalism, big business, and fascism are synonymous.
Neo-Tech IV / The Neo-Tech Discovery.
| Author | Frank R. Wallace |
| Work | Neo Tech IV |
| Published | 2008-07-04 |