Get Rich Slick

Mon 18 Dec 2006

Main Entry: cap·i·tal·ism
Pronunciation: 'ka-p&-t&-"liz-&m, 'kap-t&-, Brit also k&-'pi-t&-
Function: noun
: an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market

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1. Pingback from Frugalism vs. Capitalism II » Get Rich Slick
   December 21st, 2006 at 11:48 am

   [...] “Capitalist wasteful nature” – Are we using the same meaning for the word capitalist? A capitalist invests his/her capital to achieve superior returns – what is wasteful about this? I posted the definitions of Capitalist and Capitalism on my blog. [...]