You said "I define capitalism as a competitive market economy based on the rule of law". That is why you and I can't come to an agreement. You are creating your own definition.
Here is the second paragraph of the wikipedia article on capitalism. "There are multiple variants of capitalism, including laissez-faire, welfare capitalism and state capitalism"
Regardless of how you define it by yourself, it is unrealistic to argue with a person whom you know is asking you to see the definition of the term we are arguing, while you are using your own special definition. Even Websters dictionary says capitalism refers to ownership of the means of production which is only "mostly" private.
Despite what you personally want the word to mean, it is polite to debate terms true meaning according to social norms. Unfortunately, capitalism is currently socially defined differently than you have defined it, thus, I feel the need clarify which type of capitalist I am. Is that so hard to grasp. You can't spend all night debating me while secretly having your own personal definition. If you'd looked up the definition when I asked you to, you'd have seen we were both working with two separate definitions.
Free market capitalism isn't right for America because it works better. It's right because it's free (and it works better).
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