Capitalism: an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.
The United States is not a Capitalist society when those private owners of industry and trade also own the state, and then use the states funds to bail themselves out whenever their business plan fails (i.e. 2008).
This is what increasingly centralized economic planning looks like:
The United States is not a Capitalist society when those private owners of industry and trade also own the state, and then use the states funds to bail themselves out whenever their business plan fails (i.e. 2008).
This is what increasingly centralized economic planning looks like:
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