If you're referring to the US, we really don't have a pure capitalist system, but one with plenty of (too much) mercantilism and socialism added in. While the Federal government doesn't own the means of production of any business it over-regulates nearly everything one does in business. Sometimes the intent of the regulation is good, but almost always the execution is bad.
I'd liken pure capitalism to pure democracy; it is unworkable above a certain size in population. Honestly, that's one serious problem with socialism, although not the worst one.
If you're referring to the US, we really don't have a pure capitalist system, but one with plenty of (too much) mercantilism and socialism added in. While the Federal government doesn't own the means of production of any business it over-regulates nearly everything one does in business. Sometimes the intent of the regulation is good, but almost always the execution is bad.
I'd liken pure capitalism to pure democracy; it is unworkable above a certain size in population. Honestly, that's one serious problem with socialism, although not the worst one.
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