Are pure capitalism and true communism just extreme ideas that could never actually work? While many countries claim to ...

Pure capitalism, which probably never existed, needs an environment of unfettered economic freedom and fair competition in order to exist and a profit motive to propel it forward.

Important aspects of a capitalist system include private property, private control of the factors of production, accumulation of capital, and competition.

Their one solution, pure capitalism like all “isms,” works only in the minds of social scientists. Remaining oblivious contributes to all the dysfunctions.