"The powerful culture wide taboo against discussing or analyzing the dynamics of our market economy will lead to the fall of our democratic civilization."
to read Doug Page's article published 9/20/2008, click on
http://www.dissidentvoice.org/2008/09/cross-examining-capitalism
We don't have Capitalism in the United States -- at least not what would normally be considered Capitalism. The Soviet Union didn't have Communism either, not what anybody would consider Communism.
The problem is that the poor and middle class are handed Capitalism and Communism whereas the rich are given Socialism.
Here in the United States we are a theofascist dictatorship run by organized crime and Christian terrorists. We don't have Capitalism here.
We absolutely have had idealized capitalism in this country. It existed for a bunch of companies selling derivatives that were unregulated. I submit that it's fair to call it capitalism, because, while it existed within a more regulated system... every potentially capitalist system exists within or among regulated systems.
That system has failed, and it failed precisely because it wasn't regulated.
Regulations on capitalism are used to increase transparency, to enforce uniform accounting practices, and to assure that non-physical assets (like contracts) are backed by some physical assets. They help capitalism. Without regulations, capitalism would regularly collapse into depressions.