Then it’s a good thing that no countries have pure capitalism for their economy.

We need regulation on corporations to keep them in check.

then it’s a good thing that no countries have pure capitalism for their economy

America: 🇺🇸🇺🇸🇺🇸🦅🦅🦅

America doesn’t have a pure capitalist economy.

A pure capitalist economy would have a free market system with no government intervention.

Almost every country has a mix between capitalism and socialism for their economies.

A pure capitalist economy is terrible just as much as a pure socialist economy would be terrible.
The trick is finding the right balance between the two.

Government doing things ≠ socialism.

Government regulating things ≠ socialism

Roads and parks ≠ socialism

Socialism is based in the collective ownership of companies by the workers who make everything happen, rather than execs and managers. Socialism isn’t when government does stuff or when healthcare.

I’m just going off of the definition here:

www.merriam-webster.com/dictionary/socialism

any of various egalitarian economic and political theories or movements advocating collective or governmental ownership and administration of the means of production and distribution of goods.

We definitely don’t have a pure capitalist economy since that would mean that there is no government intervention in the market.

And we do have parts of the economy that are owned/run by the government as socialism would suggest.

What would you call it, if not a mix of capitalism and socialism? Maybe a mix of Capitalism and Communism would be more accurate?

This article would seem to suggest that: www.investopedia.com/terms/e/economy.asp