'capitalism' is defined by capital, aka $$$$. A materialistic view of value for human activities. In this sense, it differs from a free market economy, where the value of human freedom is the defining element, not capital.
Aside from that, I think your description is on target. It is unchecked government that undermines the free market, that and corruption.
The point is, "capitalist" is a concept largely defined in opposition to, but because of, Marx's theory of economics. As such, it exists on a playing field defined by the enemy, and framed by lies.
"Free market economy" is what anyone should be aspiring to, not a "capitalist economy".
'capitalism' is defined by capital, aka $$$$. A materialistic view of value for human activities. In this sense, it differs from a free market economy, where the value of human freedom is the defining element, not capital.
Aside from that, I think your description is on target. It is unchecked government that undermines the free market, that and corruption.
Almost the entire world's money are fiat. [ paper not backed by tangible assets ]
A fiat system in a society is not a Capitalist society.
Therefore, almost all or the world's societies are not capitalist.
The point is, "capitalist" is a concept largely defined in opposition to, but because of, Marx's theory of economics. As such, it exists on a playing field defined by the enemy, and framed by lies.
"Free market economy" is what anyone should be aspiring to, not a "capitalist economy".
Laissez-Faire Capitalism is the most appropriate term for a free market economy non-anarchist society.
I think we might agree to disagree on this one.
Some folks are deeply attached to the term 'capitalism'. I am not. In fact, the opposite, for the reasons I cited above.