Correct wording for Capitalism, Where do you draw the line?

In this ever changing United States of ours, really what does the term capitalist mean?

I grew up thinking that Capitalism generally refers to an economic system in which the means of production, services and goods are mostly privately owned, those who ventured out with the brains and the hard work could start a successful business, BUT where does it end, we normally worked within the confines of our country, When we start to switch from the internal competitive market to moving our plants over seas in a world market, with our higher standards of living and cost of living , there is no way we can compete, where do you draw the line, when does it become, screw my fellow American workers, Or I can make more MUCH MORE money paying the Chinese or India’s a dollar a day. Instead of making 5 Million a year, I want 50 million a year and screw my neighbor. Is there a term for extreme capitalism, gimme gimme gimme, screw everybody else?