[jdksmdbtbdnmsm]

>Capitalism is not only defined by the accumulation of capital, but also by competition

That's wrong. In reality, the mere theoretical potential for competition has always been more than enough to call it capitalism from any perspective. The facts are that actual competition is not a requirement.

[pi-e-sigma]

Capitalism is simple: The capital rules supreme. As opposed to the previous system of aristocracy, where it was the land owners. Nobody would seriously claim that aristocracy requires any kind of competition between the aristocrats. Even the very first capitalist big enterprises, such as East India Company were created as _monopolies_