CAPITALISM, in social and economic discussion, means the rule of the capitalists or owners of capital. The owners of capital are the controlling power in the present industrial system, and have taken the place formerly held by the landed aristocracy as the pivot of the social and political order.
CAPITALISM,
Chambers's Encyclopaedia, Volume 2: Beaugency to Cataract, p. 742
Source scan(s): p. 0759