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1. A politico-economic system in which the owners of the most capital (means of production) use the government to steal the [private property] of the masses (often in the name of [private property]) via such measures as eminent domain, self-serving regulation, confiscatory taxation, inflationary spending, corporate bailouts, "too big to fail" doctrines, etc., in order to maintain their own position at the top of the wealth hierarchy. 2. A misnomer for the system combining social cooperation in the division of labor with respect for the [private property] of all, big and small. Properly called the free market.
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