Capitalism is defined by private capital, propertyless wage labour, and competitive markets

Evidence

Capitalism is a system of commodity production, centred upon the relation between private ownership of capital and propertyless wage labour, this relation forming the main axis of a class system. Capitalist enterprise depends upon production for competitive markets, prices being signals for investors, producers, and consumers alike. — Anthony Giddens, The Consequences of Modernity, 150

Categorization

• DEFINE: Giddens’s working definition of capitalism as a commodity-production system — directly relevant to locating Darlington Hall within capitalism as distinct from industrialism.
• XREF: connects to: Commercial capital accumulation does not imply a capitalist mode of production; Corporate capitalism arose from a long decline of entrepreneurial and proletarian phases; Labor is the commodity whose surplus value is expropriated and realized through market exchange (+2 more)

Related

• Capitalism is defined by wage labor, private means of production, and profit. (similarity 0.90)
• Corporate capitalism arose from a long decline of entrepreneurial and proletarian phases (similarity 0.87)
• Commercial capital accumulation does not imply a capitalist mode of production (similarity 0.86)
• Labor is the commodity whose surplus value is expropriated and realized through market exchange (similarity 0.81)
• Capitalism is a class-divided socioeconomic system of contingent human making. (similarity 0.80)