In
Karl Marx's critique of
political economy and subsequent Marxian analyses, the
capitalist mode of production refers to the systems of organizing production and distribution within
capitalist societies. Private money-making in various forms (renting, banking, merchant trade, production for
profit, etc.) preceded the development of the capitalist mode of production as such. The capitalist
mode of production proper, based on wage-labour and private ownership of the means of production, and on industrial technology, began to grow rapidly in Western Europe from the
industrial revolution, later extending to most of the world.