What is capitalism?

When I say “capitalism,” I mean a full, pure, uncontrolled, unregulated laissez-faire capitalism—with a separation of state and economics, in the same way and for the same reasons as the separation of state and church. — AYN RAND

 

Capitalism is a social system based on the recognition of individual rights, including property rights, in which all property is privately owned.

Under capitalism the state is separated from economics (production and trade), just like the state is separated from religion.

Capitalism is the system of laissez faire. It is the system of political freedom.

    • Adam Smith

      Who the hell wrote this crap? It is a social system based on self-interest, not recognition of individual rights. I mean, who in the bloody hell is an altruistic capitalist? It’s an oxymoron. The right to property is the right to privatize and capitalize off other people who don’t own property. And also, I hear the stuff doesn’t exactly grow on trees.