Deknarf: The Australia Blog

Ever had that queasy feeling that regardless of that workplace camaraderie, that ‘all pull together’ team spirit, that leveraging the key metrics by maximising our core competencies and pushing the envelope, that your just a minor cog in the wheel and not that valuable team member that you’re told you are? Well, this little snippet of clarification might just expand your mind a tad, courtesy of the Business Dictionary.

CAPITALISM:  Economic system based (to a varying degree) on private ownership of the factors of production (capital, land, and labour) employed in the generation of profits.  It is the oldest and most common of all economic systems and, in general, is synonymous with the free market system.

Particularly impressive is the bit about the “private ownership of the factors of production”, with labour being one of those factors! And you thought you were part of the team, eh?  So…

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