the
economic system in which all or most of the means of
production and
distribution, as land, factories, railroads, etc., are privately owned and operated for
profit, originally under fully competitive
conditions.
n.
LRH Def. 1. the
process, of
course, of loaning
money which by accruing
interest will support a person in leisure. That is capitalism. It's
capital,
investment of. Well, it means that the
money works and the
individual doesn't
work, '
cause the
money's working. That's the most elementary sort of a
definition of capitalism. [Lecture 27
Jan. 54] 2. the
economics of
living by nonproduction. It by exact
definition is the
economics of
living off
interest from loans. Which is an extreme of rewarding nonproduction. [
HCO PL 6
Mar. 66 I]
an
economic system in which all or most of the means of
production and
distribution, as land, factories, railroads, etc., are privately owned and operated for
profit.