[young_unixer]

Not even Marx uses that definition of capitalism.

Capitalism, as defined by communists is about the "private ownership of the means of production". The term has now been widely adopted, even by its defenders, although we don't care specifically about the means of production, we defend property whenever it enhances the freedom of the human individual (an abstract individual, not any specific person).

Intellectual "property" doesn't enhance freedom in any way. Most libertarians and philosophical defenders of capitalism agree with me on this (except Ayn Rand fans)

[joshmarlow]

Thanks for the response - I'm pretty new to the literature so I'm happy to have corrections!

I might be lacking some nuance here, but "private ownership of the means of production" sounds equivalent to my statement about making decisions about capital allocation, in that the means of production is one form of capital. Not trying to be pedantic, just looking to understand the difference :)