Capitalism vs Colonialism - What's the difference?
capitalism | colonialism |
(politics, uncountable) a socio-economic system based on private property rights, including the private ownership of resources or capital, with economic decisions made largely through the operation of a market unregulated by the state.
(economics, uncountable) a socio-economic system based on the abstraction of resources into the form of privately owned capital, with economic decisions made largely through the operation of a market unregulated by the state.
(countable) a specific variation or implementation of either such socio-economic system.
The colonial domination policy pursued by the powers of Europe, from the second half of the XIX century to the years following World War II. A colonial system.
A colonial linguistic expression. Term or expression of colonial origin entered in a language.
Colonial life.