capitalism:magic word

Thanks for Kohler's help. 
When I have looked the qutation from Frank and teh
questions Mine Doyran asks to Frank I have seen that
the discussion ground shifts to another way which I
was not intend. It is, of course a very useful debate
and has a huge importance. But I meant the term
capitalism as such helps us to understand today's
realities on the one hand, but many realities of today
is hidden by the term itself on the other. In short, I
want to discuss the place and role of the term
capitalism within today's ( current dynamics of the
world system, the real components of today's visible
realities) context.
Maybe my following impressions can help us to connect
these two discussion ground: Yes, I believe that we
have an economistic interpretation of capitalism. I
know that this term has political,cultural ext.
dimensions,but I mean that we overemphasize the
economic one. But, on the other hand I find the
positions of Wallerstein and Frank wrong: They use
concepts such as waged labor very rarely. Even Frank
find it wrong to use the concept of mode of production
 ( I have just learned this from the qutation Kohler
sent). I think there is something called capitalist
mode of production,I think the acceleration of
technological change ( one of the most influential
facts of our era) is very close relationship with this
mode of production, the two basic element of this mode
of production ( waged labor and competition) account
for the major part of the high living standarts of
millions of people in today's world..Wallerstein says
up to now there were and are always 15 percent who
live well and exploits,and there were and are always
85 percent who live bad and exploited. I think the
number of this 15 percent today and their living
standarts cannot be attributed only demographic and
technological factors which are, lets say,
system-neutral.  

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