BNET Business Dictionary

Business Definition for: Capitalism

  • an economic and social system in which individuals can maximize profits because they own the means of production

Wiktionary Definition for: Capitalism

  • cattag politics 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.
  • cattag economics a socio-economic system based on the abstraction of resources into the form of capital, whether privately or state owned and regulated.

Additional Resources

Where Do We Draw the Line on Capitalism? | BTalk Australia
Where Do We Draw the Line on Capitalism? | BTalk AustraliaRE: Where Do We Draw the Line on Capitalism? | BTalk AustraliaI find it interesting that in times of financial crisis, we start to question the long term viability of unfettered capitalism, yet we seem happy to leave such questions...
Tags: Government, Big Business, share market, capitalism, BTalk Australia
Discussion threads 2008-10-06
Muhammad Yunus: Capitalism is Half-Baked
In “Creating a World Without Poverty,” Muhammad Yunus has written a dangerous book. Not so much for his goal â€" that’s merely outlandish, since most people expect the poor will always be. Besides, Yunus knows how to make audacious ideas real â€" he created Grameen Bank to bring financial...
Tags: Michael Fitzgerald, Finance, Management, Leadership, Corporate Social Responsibility, Free Trade, Entrepreneurship, Government, Muhammad Yunus, Business, Capitalism
Blog posts 2008-01-09
Lessons from "Capitalism: A Love Story"
The MoneyWatch crew hit the movies last week to see Michael Moore's "Capitalism: A Love Story" -- here's the group's review: In the days since seeing "Capitalism" I find myself thinking about various aspects of the film that perhaps many of my co-workers...
Tags: Capitalism, Financial Accounting, Finance, Jill Schlesinger
Blog posts 2009-10-06
The Weekend American Capitalism Died
Markham Lee submits: The first thing I thought of when I heard of the Government takeover of the Mortgage GSEs was: "is American style capitalism dead?" Can we claim to have a free market, lightly regulated economic system when our government steps in with taxpayer funds no less to back-stop...
Tags: US Market, Financial, Fannie Mae, Freddie Mac
External links 2008-09-09
Finding a Fix for Capitalism's Failures
Over its roughly 100 year history, market capitalism has undoubtedly improved many millions of lives through increasing prosperity. But there is also a growing awareness that capitalism's flaws are becoming increasingly exposed. These shortcoming were explored in recent research by Harvard Business School professor Joseph Bower and...
Tags: Harvard Business School, Capitalism, Worker, Entrepreneurship, Management, Sean Silverthorne
Blog posts 2009-06-18
Why Capitalism Only Works If Everyone Can Win
This morning I came across a thought-provoking article on Forbes, which is surprising since that magazine's editorials tend to staunchly defend what I consider to be "crony capitalism."  Michael Maiello reminds us that the whole reason our society chooses capitalism, with all its inequalities and brutal competition, is because it's...
Tags: Team, Capitalism, Team Management, Games, Taxes, Management, Personal Technology, Financial Planning, Finance, Stefan Deeran
Blog posts 2009-09-29
American Capitalism in Crisis?
The business of America may be business, but America's most prestigious book reviews don't pay much attention to it. So it's worth noting Riches to Rags, the New York Times Book Review's look at "Bad Money: Reckless Finance, Failed Politics and the Global Crisis of American Capitalism," by Kevin Phillips....
Tags: capitalism, crisis, government, financial accounting, investment, finance, michael fitzgerald
Blog posts 2008-08-06
A Road Map for Natural Capitalism
The Idea in Brief ...
Tags: Strategy, Hart, Solenium, Carpet, Resource, Capitalism, In Brief, Harvard Business Review, Sustainable Business, Natural Capitalism, Management, China, Amory B. Lovins, L. Hunter Lovins, Paul Hawken
Articles 2007-11-07
The Political Economy Of Capitalism
Capitalism is often defined as an economic system where private actors are allowed to own and control the use of property in accord with their own interests, and where the invisible hand of the pricing mechanism coordinates supply and demand in markets in a way that is automatically in the...
Tags: Harvard College, Capitalism, Government, Pricing, Vertical Industries, Marketing Research, Marketing, Enterprise Software, Software
White papers 2006-12-07
Do-good Capitalism: Fad or Fixture?
The blog Curious Cat posted Do corporations exist solely to maximize their bottom lines? We don't think so, a post that drew from a Forbes article looking at the history of efforts to create socially conscious companies. In fact, most companies follow a shifting strategy towards profits -- many...
Tags: Michael Fitzgerald, Marketing, Management, Human Resources, Workforce Management, Strategy, Marketing Research, Recruitment & Selection, Benefits, Regulation, Capitalism, Philanthropy
Blog posts 2008-02-27
Muhammand Yunus: Capitalism is Half-Baked
Muhammand Yunus: Capitalism is Half-BakedI bought 1000 copies of YunusFar from being a dangerous read, I believe Yunus is the best chance humanity has of being sustaible. 24 years ago http://www.normanmacrae.com/netfuture.html my father and my future history on the globalisation generation forecast how we'd exponentially destory sustainability unless a Nobel...
Tags: capitalism, Yunus
Discussion threads 2008-02-07
Do-good Capitalism: Fad or Fixture?
Do-good Capitalism: Fad or Fixture?we'd better hope not...I propose framing the discussion along the lines of this: "The economics of Sustainable Capitalism will become increasingly apparent as the global economy, along with the global ecology, undergo a radical and exciting shift because of the 'Do-bad Capitalism' of the past two...
Tags: capitalism, Fad, Fixture
Discussion threads 2008-03-28
American Capitalism in Crisis?
American Capitalism in Crisis?RE: American Capitalism in Crisis?You can't use this to develop an opinion of Phillips' book? Fine, I'll give you one: if you've read "American Theocracy" you should skip this book. If you haven't read it and the topic interests you, then it's worth considering. But...
Tags: Financial accounting, American Capitalism
Discussion threads 2008-08-07
Can 'Creative Capitalism' Solve Big World Problems?
Bill Gates says many of the world's biggest problems -- energy, poverty, disease -- are too big to be fixed by philanthropy and government aid alone. The solution he offered to an World Economic Forum audience at Davos this year was "creative capitalism." "Such a system,"...
Tags: Capitalism, Bill Gates, Sales Force Management, Government, Leadership, Sales, Management, Sean Silverthorne
Blog posts 2008-08-22
Can 'Creative Capitalism' Solve Big World Problems?
Can 'Creative Capitalism' Solve Big World Problems?RE: Can 'Creative Capitalism' Solve Big World Problems?Business is both the problem and the solution. It only makes sense that what created most of the world's problems would be the thing that solves them. Business ruins, improves and runs the world.There is a growing...
Tags: Solve Big World, Solve Big World problem, Creative Capitalism
Discussion threads 2008-08-25
Trimming the Claws of Capitalism
UK economic growth is at a standstill and the latest OECD forecasts do nothing to dispel fears of recession. Some people are claiming it's the death of capitalism as we know it. The last time I heard this was from Fidel Castro, commenting on the failed launch of new Coke....
Tags: Capitalism, Accountability, Government, Financial Accounting, Mortgages, Finance, Capital Structures, Julian Rawel
Blog posts 2008-09-02
Where Do We Draw the Line on Capitalism? | BTalk Australia
(12min 11) Is capitalism holding us back? Speculative investment is great for helping to kick off high risk ventures but, at some point, we need to look at the good of society. Can unfeterred capitalism be trusted to assist in the development of longer term investment projects, or is it...
Tags: Capitalism, Blogging, Telecom & Utilities, Digital Music, Digital Media, Telecommunications, Internet, Personal Technology, Consumer Electronics, Phil Dobbie
Blog posts 2008-10-05
Academic capitalism in the new university
In this essay I will present an overview of ongoing changes within and pressures upon U.S. higher education, as filtered through its familiar hierarchy of colleges and universities. What do I mean by "academic capitalism"? I borrow the term from the work of Sheila Slaughter and Gary Rhoades. Slaughter...
Tags: American University, capitalism, education
Research articles 2005-06-22
Creative Destruction Won't Destroy Capitalism -- Richard Foster
Capitalism isn't dead, but it will be different, says Richard Foster, a former McKinsey senior partner and director who co-authored "Creative Destruction: Why Companies That Are Built to Last Underperform the Market -- And How to Transform Them."  What won't change: entrepreneurs will figure out how to get around whatever...
Tags: McKinsey & Co., Capitalism, Entrepreneurship, Internet, Financial Accounting, Management, Finance, Michael Fitzgerald
Blog posts 2008-12-09
Larry Summers: The Future of Market Capitalism
Speaking before being named President Obama's chief economic advisor, Larry Summers delivered a speech at Harvard Business School's Business Summit last October on the future of market capitalism and the challenges facing the next administration. Summers told his audience that the next presidential administration (the election was...
Tags: Prosperity, Capitalism, Challenge, Workforce Management, Human Resources, Sean Silverthorne
Blog posts 2009-02-23
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