Use of the term capitalism has become widespread(1).

When we say “capitalism,” what we are really talking about is social and cultural.

Capitalism is a system that is participated in by almost the whole of the population. It may be seen as cultural. It is not simply a system of aristocrats engaging in their affairs. It is a system in which everyone is participating, even if only by buying things in stores.

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(note 1): this was not the case in, for example, the 1930s.