So just because you run a business, does this mean you are a “CAPITALIST?” If I operate a consulting business out of my basement, am I a capitalist? What about a local bakeshop or an independent family farm, or a medical doctor or a dentist? Now if I asked you if the owner of the Walmart chain is a capitalist, you would be likely to say yes — and you would be correct. But what about the small bookshop with funny little owner-guy who knows every book in the shop?
Capitalism (the word dates from the mid-19th century) is an economic system where investment and ownership controls production and distribution to make possible exchange of wealth among private individuals or corporations. A different system by comparison might be a co-op or state-owned wealth. The underlying strategic goal of control of production and distribution is to dominate the market and capture all the potential wealth to a single corporation or conglomerate. That competitive strategy is devoid of any value structure except as it applies all tactics to increasing profit by gaining greater control of production and distribution. Huge corporations develop at the expense of smaller independent corporations and businesses. Employees within this logic are packages of energy and skill. Thus, one tactic is to replace current employees by machines or less expensive employees if that is possible because it leads to higher profits.