Here is a source if you’re interested: http://resurgence.opendemocracy.net/index.php/Capitalism
The source writes, “In 1850, Louis Blanc defined capitalism as “the appropriation of capital by some to the exclusion of others.” Proudhon later defined it as an “Economic and social regime in which capital, the source of income, does not generally belong to those who make it work through their labour.”
Perhaps we ought to keep in mind that free markets existed before the stupid word “capitalism” was applied to them, but obviously we were happy not calling them that.
We also should keep in mind that Adam Smith never used the word capitalism. It was unknown to him.
This is your link?
http://resurgence.opendemocracy.net/index.php/Capitalism
I hope you realize that your source, Open Democracy, is an off shoot of Open Society...a George Soros foundation.
http://www.opendemocracy.net/about/supporters
Click on the open society link and this is what you find.
Either you are a very well uninformed individual, or you are a troll.
IMO, troll.