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How would you describe capitalism? I was using Adam Smiths definition.

Same way nostr:nprofile1qqsyeqqz27jc32pgf8gynqtu90d2mxztykj94k0kmttxu37nk3lrktcpz4mhxue69uhhyetvv9ujummjd3ujuer9wchszxmhwden5te0daexc7fdwfjkccte9e5k6ampd3jzuet49uq3zamnwvaz7tmwdaehgu3wvfskuep0wq65yl just did. Maybe I'd add that the "ism" means capital is of primary importance in the field of economics. Capitalism is proof of work, too. Everything is made by someone exchanging their time doing the work to build the capital. Sure, more capital, more power ; but that's the result if work. Yes, capital can be stolen or unfairly acquired - that's crime, not capitalism.