Capitalism
from Fancyclopedia 2 ca. 1959
The economic system under which those who finance a business own it, control it, and operate it for their own profit. It is opposed to various forms of socialism in which control rests among a large number of people who are interested in production for use rather than profit. Implicit in capitalism is the idea that it is up to the individual to find something to do that he can get paid money for. The majority of the fans who actively engage in arguments support various aspects of capitalism, but most of them are strongly critical of details of its actual practice.
from Fancyclopedia 1 ca. 1944
The economic system under which those who finance a business own and control it, and operate it for their own profit. It is opposed to socialism, in which control rests among a large number of people who are interested in production for use rather than for profit. Implicit in capitalism is the idea that it is up to the individual to find something to do that he can get money for. None of the fans who actively engage in arguments support capitalism, but several of the older men, noteably Skylark Smith and Doc Swisher, are firm believers in it.