Saturday, 27 February 2016

Thought 141: Two Definitions of Capitalism


(1)

'Capitalism is a system of economics
in which production is based on profit
for those who control the capital.'

Carroll Quigley,
Tragedy and Hope—
A History of the 
World in Our Time

(2)

'Capitalism is the profit system
of market capitalisation where
money is at the source.'

—Tom Romer
ScruffyOwlet's Tree