Download a Permanent Printable PDF Version of This Article.
This brief definition of Capitalism is not intended to go into the detail that would be needed if defining a system of government.
Unlike Marxism and/or Socialism and/or Communism, Capitalism is purely an Economic system, not a Government or Governing system, and requires a market to be free and unhindered by government interference. History proves that it works most efficiently and profitably under Representative Government. Capitalism is not planned or organized or controlled; it is something that naturally "happens" when and where men are free and the market place is open.
It is the economic system that emphasizes the right to private property and in which the means of production are privately owned and operated. In a Capitalist system, the investment of capital and the production and distribution of various commodities, goods and services are accomplished in an open and free market.
Prices are just naturally and automatically determined in the free market, and they float in accordance with the natural laws of supply and demand.
Those who invest capital at their own risk expect to make profit or loss on the investment. Wages or salary is paid for labor; wages or salary and other on-going expenses reduce profit margins.
Private Property is Capitalism. The right to private property is established in natural law, by the rule of possession; "Possession is nine tenths of the law." The right to private property is established in Judeo-Christian morality by two Commandments of God:
The right to private property is among the American foundational rights, written into the Declaration of Independence as inalienable rights ordained by God, defined therein as The Pursuit Of Happiness, interpreted as the ability of a man to prosper from his own work.
The right to private property is fixed in the American Constitution in Amendment Four and again in Amendment Fourteen.
Update to Definition of Capitalism, Saturday, February 04, 2012
The Free Market is itself a definition of Capitalism. Just as Liberty is a natural thing that exists within the breast of man, Capitalism – the Free Market – is a natural thing that exists in symbiotic and co-dependent relationship with Liberty.
Life, Liberty, Pursuit of Happiness
From the Declaration of Independence:
This is our national purpose for being; our nation’s very foundation stone. This is what America stands for before she stands for anything else. If America is to be true to herself she must be true to the principles promoting and protecting Life, Liberty and the Pursuit of Happiness.
It is when men enjoy these three rights that the natural system of Capitalism comes into its highest and most productive form of being. Capitalism is natural; Capitalism just happens, when and where men enjoy liberty. Another word for Capitalism is a Free Market. It is not planned or controlled or governed by any outside entity or government or power. Just as liberty is natural within the breast of man, the free market is natural where a culture is free.
It is a gross misinterpretation to call the Pursuit of Happiness – the ability of a man to work in his own self interest – a system of greed. It is a slander. You may call it greed if you wish, but I submit that self-interest is the first dynamic even of survival itself. No one can ever be of any use to anyone else if he doesn’t first take care of his own needs.
Our Declaration of Independence guarantees that our citizens are able to prosper by their own effort. A man must make profit before he can be charitable.
These are the unique American Principles to which our Founders pledged “our lives, our fortunes and our sacred honor”, in the words of Jefferson, to which all signed their names. They all knew that they were signing their own death warrants if the new nation failed to survive. They all signed.
And they all stood by those signatures.
Free Market (Laissez-faire Capitalism)
Capitalism – meaning, the Free Market – is not a system of man, in that it is not purposely created or controlled by man. Capitalism just happens when and where men enjoy life, liberty and the pursuit of happiness. When large numbers of men are left free to pursue their own self interest and allowed to prosper by their own work, a great plethora of varieties of goods and services are created by the work of these free men. Adam Smith didn’t invent it; he only described it in his Wealth of Nations, published in 1776, the same year our Declaration of Independence was published.
When a person works enough to make profit – meaning more than he needs for his subsistence – he creates wealth. Wealth is just another name for profit. The only source of the creation of new wealth is a free man making more money than he needs for food, shelter, clothing and so forth. The excess wages or profit may be spent by him to buy property, of any sort. Thus it may be said that
Profit, wealth and property are merely different manifestations of the same thing.
A free man is perfectly free to use his own profit any way he wishes to use it, within the law. He may spend it, save it, squander it, gamble with it, invest it or give it away. It is his to do with as he pleases, because he owns it. It is his private property.
Those of us with the most creativity or imagination take best advantage of the Free Market Rule that says Find a Need and Fill It. This means, in simple terms, detecting a social Demand for a given product or service, and then finding a way to produce that product or service to satisfy the preexisting demand, and produce it in such a way as to economically profit from the effort.
The only restraints that should be put on the Free Market would involve remaining within the rules of Judeo-Christian Morality, which should always be backed up by representative legislated Civil Law.
See the I, Pencil page for an example of how this completely natural system works.
Perverted Definitions of CapitalismMarxists of various description, including the current American Democrat Party, much of the “Establishment” Republican Party, the SLIMC1 , public education and upper academia, always show Capitalism in a negative light, to the point that most of the American public associate the word Capitalism with Greed and Corruption. This is the predictable result of purposeful Marxist indoctrination and mal-education perpetrated in our teaching institutions and strongly supported by our news media.
Even politicians and political candidates who are or call themselves Conservative avoid even using the word Capitalism because it has been so successfully demonized in the eyes of the public at large. Frank Luntz, now famous as a preeminent “instant response” focus-group pollster, has proved it. Like so many others who see the clear falsehood of this negative view of Capitalism, he fails to capitalize on a teachable moment when he encounters focus-group results that shows that the group is miss-informed on the subject. Instead, he goes with the flow of the mal-educated group, and recommends to candidates that they avoid using the word Capitalism because it polls so negatively. Thus, the view of the word Capitalism, a quite positive thing, is simply surrendered by men who know better to the ultimate destiny of universal distrust and negativity by a mal-informed public.
Language is the battleground of ideologies. Any American politician who surrenders proper use of the English language to the enemy while articulating American Constitutional Conservatism has lost the political battle for Liberty before it even begins. See the American Political Ideologies page for the layout of the current battlefield.
Democrats and other Marxists, including our current President, Comrade Barrack Hussein Obama (peace be upon him) go so far as to miss-quote and pervert the teaching of Jesus Christ to reinforce the false goodness of taxing the bourgeoisie to redistribute to the proletarians, in an evil, twisted interpretation of charity. These Marxists don’t even know what charity is. Charity must be freely given, else it is not charity. Charity must be given from your own plenty, not from someone else’s. The record shows that none of these Marxists are charitable. No Marxist was ever charitable. To take from others against their will is stealing. Good intentions, whether real or as a mask, do not change an act of stealing to be something other than an act of theft.
The tears the Marxists weep for the poor are crocodile tears. They only take; they do not redistribute, except temporarily, until the source is dead. Then, they simply rule, over the destitute. The true but secret goal of the Marxist is power, not charity. Charity is only a mask.
True Definition of Capitalism
The true definition of Capitalism is the free market place full of a wide variety of goods and services, each of wide variety in quality and in price, that naturally become available when a population enjoys the God-given rights to Life, Liberty and the Pursuit of Happiness. It has been falsely demonized as “Unfettered Consumerism” and “Unfettered Profiteering.” But, why should Consumerism be fettered? Why should Profit be fettered?
I submit that if you “fetter” Capitalism, it will no longer be Capitalism. It will be some form of Socialism. Capitalism is an unplanned, uncontrolled economy. Socialism is a planned and controlled economy. They are opposites.
The only restraints or “fetters” that should be placed on Capitalism are the exact same restraints that ought to be put on citizens: to live within the moral law, which should be in complete harmony and synchronization with representative civil law. Bernie Madoff is widely touted to be an example of a greedy Capitalist run amok; but he was no Capitalist. He was a criminal. Note where Bernie Madoff is; he is in prison, where criminals belong.
You should not consume too much. You should not begin to value profit, or any tangible thing, or the world, more than your neighbor, or allow it to distract you from God and His law. If you are a Christian or a Jew, you already know that.Marxists do not know that. Marxists are atheists, whatever religious pretensions they may display in public. Being an atheist is a prerequisite to being a Marxist; you can’t be a good Marxist without first being an atheist. Marxists hold nothing to be sacred; they deny even the term sacredness itself, for they cannot even begin to understand it. Whenever any Marxist uses that terminology he shows that he doesn’t even know what he’s talking about, or that he is lying. All Marxists are MEJTML14 s. That’s just the way it is.
The rights to Life, Liberty and the Pursuit of Happiness were authored by God, and not by man, and not by government, and not by any law of man. These rights may not be taken away by man, or by government, or by any law of man. These rights of man are, almost definitively, Capitalism.
And that’s the way it is.
Smart-Assed Acronym Hover-Link Footnotes: For the convenience of those readers using devises that lack a mouse, these footnotes are provided for all webpages, in case any webpage contains any hover-links. (If you don't have a mouse, you can't "hover" it over a link without clicking just to see the simple acronym interpretation.)SLIMC1 Secularist Liberal Intellectual Media Complex
Culture=Religion+Politics; Who Are We? Vic Biorseth
The Brilliantly Conceived Organization of the USA; Vic Biorseth
Return to the BLOG page
Return to the HOME PAGE
Respond to This Article Below The Last Comment
Date: Thu Feb 23 07:01:19 2012
From: Vic Biorseth
To Justin, and, To Tammy:
Your submissions, as submitted, are unworthy of publication here. You may remove the vulgarity and try to correct your truly poor English, and then re-submit, if you wish.
But, if I am correct in guessing your age group and your education level, you may be unable to do that. For you will have confirmed my previously stated position that most young people educated in the public school system, and young college students or even college graduates who may or may not have come through the public schools, are largely incapable of participation in decent, reasoned Socratic argument. They don’t even know what that is. They have been taught what to think; not how to think.
I invite you to visit the Critical Thinking page for a brief look at what your teachers left out of your education, or, what you didn’t pay enough attention to.
I will pray for you.
Thursday, March 28, 2013
Converted Page to SBI! Release 3.0 BB 2.0.
Friday, April 19, 2013
Added link into Sociological Definition Pages right-column link set.
Date: Mon Sep 29 2014
From: Vic Biorseth
Changes pursuant to changing the website URL
and name from
Thinking Catholic Strategic Center to
Catholic American Thinker.
Pulled the trigger on the 301 MOVE IT option June 1, 2014. Working my way through all the webpages. .
If you want to build a website like this one, this is how you do it.
Never be lukewarm.
Life itself demands passion.
He who is indifferent to God has already forfeited his soul.
He who is indifferent to politics has already forfeited his liberty.
In America, religion is not mere window dressing and citizenship is not a spectator sport.
Do not allow our common destiny as a whole people to just happen without your input.
Seek the Truth; find the Way; live the Life; please God, and live forever.
Catholic American Thinker
Free E-zine Subscription
You will receive immediate email newsletters with links to new articles as they are published here. Your email is perfectly secure here; we use it only to send you the
Catholic American Thinker
and absolutely nothing else.
Sociological Definition Pages
Definitions of all the "isms" with a lot of consensus of thinking behind them, which makes them popular opinions or ideas seeking political favor.
Definition of Marxism: Total control of means of production, including workers. The definition of Marxism describes the social, economic and governmental philosophy of Karl Marx, co-author of the Communist Manifesto.
Definition of Freudianism: The psychoanalytical thought and practice of Freud, Jung and Kinsey. This definition of Freudianism addresses Sigmund Freud's turn of psychological focus from cognition and intellect to the unconscious & subconscious mind.
The definition of Darwinism in a nutshell. In the definition of Darwinism we find the foundational priciples upon which the quest for the atheist holy grail: the purely material origin of life itself.
Definition of Islam: Ideology of Military Conquest Masquerading as a Religion. The Definition of Islam describes the “Convert, Submit or Die” War Strategy of Mohammed.
The term Marxist defined: Marxism today has overtaken many earlier terms. Re the term Marxist defined in contemporary usage. The term Liberal doesn’t mean what it used to mean either.
Definition of Conservatism: "That government is best that governs the least." A definition of conservatism must recognize that, politically speaking, the terms Liberal and Conservative have traded places.
Definition of Libertarian : A Pro-Constitutional Practical Atheist. The definition of Libertarian describes a religiously-cleansed conservatism defending core American political values while denying moral absolutes.
Definition of Capitalism: Economic Organization based on Private Property. Any true definition of Capitalism must state that it is purely an Economic system, not a Government system, and it works most efficiently and profitably under Representative Government.
Our argument supporting the Rule of Subsidiarity, practicality and common sense. The moral and organizational Rule of Subsidiarity is crucial to the rights of man and essential for freedom.
Definition of Communism: Marx's theoretical classless utopian society. The Marxian definition of Communism involves the theoretical, perfect, classless society with common ownership of all economic "means of production."
Definition of Fascism: System of Marxism resisting the Worker's Revolution. A true definition of Fascism must recognize its deep roots in Marxism.
Definition of Anarchy: Opposition to State Authority in favor of - well - Gangs. They said it couldn’t be done; but even the most cursory Definition of Anarchy shows it to be even more stupid than Communism.
Definition of Socialism: Intermediary phase between Marxism and Communism. Definition of Socialism: 1) The older ideology with "collective" ownership of power and means of production; 2) Marx's "Dictatorship Of The Proletariat" evolving toward Communist Utopia.
Definition of Democracy: Ideology stressing direct or electoral majority rule. The definition of Democracy as a form of government involves policy and law determined by the actual, real majority of the people governed.
Definition of Republic: A state in which sovereignty rests with the people. This definition of Republic stresses autonomy and rule-of-law, and places the root of sovereignty in the people or their electorate.
Liberal Democracy defines elected representative government under rule-of-law. Liberal Democracy is differentiated from Social Democracy by not restricting the right to private property, which is to say, the means of production.
A pure Democracy that left the natural economy alone would be ideal. Pure Democracy in the Jeffersonian model, with unfettered free market Capitalism, would out-perform any other system.
Description of pure Socialism - the ideal that all Socialism is driving toward. A true, pure Socialism would be something considerably less than the Utopians dream of, since perfection is not of this world, or of this life, and will never be encountered in either.
Social Democracy defines an attempt to force-fit Marxist ideas into a Democracy. Social Democracy, neither fish nor foul, seeks, by devious means, by the gradual rather than revolutionary path, the ultimate victory of Communism, or, Communist Utopia.
Legally Destroying America, through Defining Treason Down. American Political Parties are swiftly dismantling Constitutional government, having first defined treason down to the point of non-existence.
Our definition of anti American goes considerably deeper than the dictionary. Anyone, anywhere, may oppose nationalism or national pride. Definition of anti American: one who ignores or opposes the American Constitution.
Our definition of pro American goes considerably deeper than the dictionary. Anyone, anywhere, may be a patriot. Definition of pro American: one who loves and adheres to the American Constitution.
"We belong to the Church militant; and She is militant because on earth the powers of darkness are ever restless to encompass Her destruction. Not only in the far-off centuries of the early Church, but down through the ages and in this our day, the enemies of God and Christian civilization make bold to attack the Creator’s supreme dominion and sacrosanct human rights.”--Pope Pius XII
"It is not lawful to take the things of others to give to the poor. It is a sin worthy of punishment, not an act deserving a reward, to give away what belongs to others."--St. Francis of Assisi
Truth is incontrovertible. Malice may attack it, ignorance may deride it, but in the end, there it is.—Winston Churchill
The smallest minority on earth is the individual. Those who deny individual rights cannot claim to be defenders of minorities.—Ayn Rand
If you can't find the page you're looking for, try the