Okay, allow me to copy/paste the relevant section, the first sentence.
Capitalism is an economic system based on the private ownership of the means of production and their operation for profit.
Meaning individuals (aka private interests) own and control the means of production with the goal of generating profit, rather than they be publicly controlled, which is to say controlled by the government.
Brother, you asked me to source the definition of public ownership so I got you a literal dictionary definition of it. And for the record, I haven't downvoted any of your comments, not even the ones I found irritating.
I left Europe 14 years ago because it wasn't nice anymore in my home town. Sorry for you guys but if you live in the USA you shouldn't think you know everything about Europe...