CAPITALISM

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. —SHSBC Binder 25 Approved Glossary, —SHSBC Binder 29 Approved Glossary, —Melbourne Congress Approved Glossary (2.4.92), —SHSBC Binder 31 Approved Glossary, —SHSBC Binder 33 Approved Glossary, —New Slant on Life Glossary Final approval 28.1.90, —Academy Level IV Glossary, —ESTO - Handling Personnel, Part II Approved Glossary, —9th ACC Volume 1 Approved Glossary, —PDC 2 Approved Glossary, —PDC Volume 8 Approved Glossary

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.