Kapitalizm — shaxsiy huquqlar, jumladan mulkchilik huquqini tan olishga asoslangan tizim bo'lib, unda barcha mulk xususiy mulkdir49. Mulk egaligi erkinligi din va davlatning ajratilishidan hamda insonning asosiy erkinlik(lar)ining keyinchalik rivojlanishidan kelib chiqdi. "Yashirin tog'" (The Fountainhead) muallifi Ayn Rand1 xususiy mulkchilik bilan din va davlatning ajratilishi o'rtasidagi bu munosabatni quyidagicha tasvirlaydi: "Men kapitalizm deganda to'liq, sof, nazoratsiz, tartibga solinmagan laissez-faire kapitalizmni nazarda tutaman — davlat va iqtisodiyotning ajratilishi bilan, худди davlat va cherkovning ajratilishi bilan bir xil yo'l va bir xil sabablarga ko'ra"50.

Capitalism is a system based on the recognition of individual rights, including property rights, in which all property is privately owned49. Freedom of ownership resulted from the separation of church and state and the consequent development of the basic freedom(s) of man. Ayn Rand,1 author of The Fountainhead, describes this relationship between private property ownership and the separation of church and state: “When I say capitalism, I mean a full, pure, uncontrolled, unregulated Laissez-faire capitalism—with a separation of state and economics, in the same way and for the same reasons as the separation of state and church”50.