Comment: I understand why...

(See in situ)

I understand why... object to something called "state capitalism" as it seems like a contradiction and to a capitalist pre-depression, it would be a contracition, however, economists, scholars, and politicians for the last 100 years have all argued about the extent to which ownership of the means of production should be private, and because partial state ownership is so common, the term capitalism has taken on multiple levels. I agree that it should mean specifically private ownership, nothing else, but if you look at the definition that the overwhelming majority of people are using, it becomes clear why there is need to clarify. When the dictionary gives state capitalism and laissez-faire as two forms of capitalism, isn't it obvious why a free market guy would want to be associated with laissez-faire rather than state capitalism. Despite your personal definition of it, I feel the need to clarify my stance on it, not because of some hidden agenda, but because society currently views state capitalism as a valid form of capitalism. I do not, but if I"m going to explain my beliefs, can't you see why I would add "free market" onto "capitalist" when explaining my beliefs?

Free market capitalism isn't right for America because it works better. It's right because it's free (and it works better).