Capitalism Defining and Redefining Capitalism In order to understand this degradation, we must first define capitalist liberalism as an ideal. Capitalism is the economic state of the market in which the basis consists of the private ownership of the means of production and distribution of goods. An absolutely major characteristic of this economic system is a free market motivated by private profit.All the problems of current organized society arise from this motivation for profit to the point that this simple want is exaggerated to a perverted craving. And all the political and social divisions in the US are defined by this profit. The goals of alm