You're right, that is not the definition of capitalsim. I was merely pointing out what the goal of capitalism is.

The actual definition of capitalism from Merriam-Webster:

"An economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market."

In other words, the essence of capitalsim is private ownership of goods (rather than state ownership), the allocation of which is determined by a free market.

Nowhere in this definition is there any mention of debt.

Are you aware of a different definitoon of capitalism or one that intirinsically links it to the creation of debt?