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First used by novelist William Thackeray in 1854 to mean "owners of capital", within a few years was being used by both Pierre Proudhon and Karl Marx as a pejorative for property-based, free market economics. Eventually caught on to widespread use politically, whether seen as good or bad.
- (Template loop detected: Template:context 1) a socio-economic system based on private property rights, including the private ownership of resources or capital, with economic decisions made largely through the operation of a free market rather than by state control.
- (Template loop detected: Template:context 1) a socio-economic system based on the abstraction of resources into the form of capital, whether privately or state owned and regulated.
- (countable) a specific variation or implementation of either such socio-economic system
- Wikipedia article on capitalism
- Debate over definition of state capitalism on Wikipedia talk:state capitalism page
Elsewhere on the web