This quote says it all. America is not just any place. In America you are free to hold any ideas, speak any thoughts, practice any religion, or start any business so long as it does not interfere with other's rights. America is a beacon to the triumph of man's free will. And that is exactly why they hate it.
Traditional definitions focus on private ownership.
Ownership, to have any meaning, must be based on rights. Otherwise you own something only in name while someone else tells you what to do. Capitalism is the system that recognizes and protects individual rights. It defines the only function of government as defending those rights through an objective system of justice. In the realm of politics twisting words is a game with life and death consequences.