I have asked for the abolishment of certain words before (see ‘Teleconference’). I found another one: Capitalism
This article provides an alternative:
I refuse to use the word “capitalism” in this context, because it’s really a Marxist term and doesn’t capture the essence of a system in which individuals and corporations freely exchange goods and services without government interference, if indeed it ever did. When so-called “capitalists” who run the finance, real estate, insurance, and now automotive industries come to Washington, hat in hand, for taxpayer dollars, it’s laughably ludicrous to call them supporters of the free market. Moreover, the term “capitalism” doesn’t capture or connote the importance of property rights and the ability to exchange them freely that are at the base of human liberty in the way that the phrase “free market” does.
I’m irritated with the persistent of ‘Marxism’ as a valid political theory. It was a living theory more than a hundred years ago, but the world has changed. Using Marxism as economic theory now makes about as much sense as using the four Humors for medical diagnostics. When I hear people refer to it now, I think they are being intellectually lazy and not willing to reevalute the changes that have heppened during the 20th and 21st century.
So lets not use that word any more. Free Marketer can be a replacement.