Originally Posted by theking

cap·i·tal·ist
   /ˈkæpɪtlɪst/ Show Spelled[kap-i-tl-ist] Show IPA
?noun
1.
a person who has capital, esp. extensive capital, invested in business enterprises.
2.
an advocate of capitalism.
3.
a very wealthy person.

Capitalism definition

An economic system based on a free market, open competition, profit motive and private ownership of the means of production. Capitalism encourages private investment and business, compared to a government-controlled economy. Investors in these private companies (i.e. shareholders) also own the firms and are known as capitalists.


so·cial·ist
   /ˈsoʊʃəlɪst/ Show Spelled[soh-shuh-list] Show IPA
?noun
1.
an advocate or supporter of socialism.
2.
(initial capital letter) a member of the U.S. Socialist party.

so·cial·ism
   /ˈsoʊʃəˌlɪzəm/ Show Spelled[soh-shuh-liz-uhm] Show IPA
?noun
1.
a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole.
2.
procedure or practice in accordance with this theory.
3.
(in Marxist theory) the stage following capitalism in the transition of a society to communism, characterized by the imperfect implementation of collectivist principles.