# Capitalism Summary:: Capitalists frequently do not understand capitalism. >[!Ref] Lexicon ># capitalism (lex) > An economic concept of civilization that is based on the private ownership (and control) of the means of production. Such an institutional situation permits and inevitably encourages the division of labor, economic calculation, capital accumulation, technological improvement and the voluntary social cooperation of a market economy in which mass production is designed for the consumption of the sovereign masses. Capitalism is the antithesis of statism, socialism and communism which are based on government ownership (or control) of the means of production. > [[Anti-Capitalistic Mentality (AC.)]] 1-33, 48-112; [[Bureaucracy (B)]] 10, 18, 20-39, 67, 93, 105, 118-19; [[Omnipotent Government - Mises (OG)]] 49-50, 284. # Notes I contend, although the word capitalism was evidently invented as a disparagement, that in actuality it's a natural outgrowth of the free market. Successful entrepreneurs tend to accumulate capital, which by definition makes them capitalists. They don't do this for any devious objective, but only for the purpose of serving customers from whom all wealth is derived. Capitalism Determined by human actions. Socialism Determined by human minds. # Links [[Colorado teachers union resolution declares capitalism 'inherently exploits...']] # References / Links [[Millennials are in a love triangle with capitalism and socialism]] [[More on Joe Salerno's Critique of Economism]] [[Is There a Better Economic System than Capitalism]] [[Is It Time to Ditch the Word Capitalism Not so Fast]] [[Markets Not Capitalism]] [[Pyramid of Capitalism]] [[Review of Capitalism]] [[Vindicating Capitalism]] [[Natural Capitalism]] [[Defense of Global Capitalism]] [[Challenging the Empirical Contribution]] > [!Info]- Ignore dataview >## Backlink >Ignore this dataview. Plugins don't work on the website >```dataview Table Status, type as "Type" from [[]] and !outgoing([[]]) sort file.name asc >``` --- # Capitalism - Wikipedia [Capitalism - WIKIpedia](https://1drv.ms/b/s!Al3ZHKUMuwDsgdRI4chPCBiuVRmCmA?e=IQKbQb) [[Capitalism WIKIpedia.pdf]] # CAPITALISM_Rieseman [[CAPITALISM_Rieseman.pdf]] [[Future of Capitalism]]