What is capitalism?

Capitalism is the social system that unleashes the power of the human mind by protecting the individual’s right to life, liberty, property, and the pursuit of happiness.

Capitalism is the social system of the Enlightenment, founded on a philosophy based on reason, egoism, and freedom. The term capitalism (from the Latin word capta, meaning “head”) is used here in the broader philosophical sense, and not in the narrower economic sense, i.e., a free market. Capitalism is the social system of and for the human mind.