capitalism · noun U /ˈkæp.ɪ.təl.ɪ.zəm/
C2 a political and economic system in which industry is owned privately for profit and not by the state
Modern capitalism has shaped the global economy.
Although living in the former DDR was almost like living in prison, the film shows the problem of unemployment and the negative results of capitalism. (Certificate of Proficiency in English; C2; German)