Some people use the term Capitalism to mean something good and others use it to mean something bad. Which is it?
The word triggers confusion among different audiences because Capitalism has come to mean an economic system that is designed to advance multi-national corporate interests and partnerships between business and government rather than free-enterprise. These partnering corporations and businesses are the ones that are advancing Sustainable Development around the world today.
The 1988 unabridged Webster’s Dictionary defines Capitalism as originally based on free enterprise but evolved during the 20th century into partnership with government (today this is called public private partnership, the economic engine upon which Agenda 21 is built). America was not founded on this most recent definition of capitalist principles. The term did not come into vogue until Karl Marx first used the term in the middle of the 19th century. The appropriate term to describe true American economics is free enterprise, which of course necessitates a political recognition of unalienable rights.
The evolving definition of words is also part of the take down as foretold by George Orwell in his novel, 1984. Click here for further reading.