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The word has been so thoroughly bastardised that it no longer can serve a purpose in any non-academic contemporary discussion.

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Capitalism or Socialism?

(I am unaware of serious controversy around {when, I, buy, sell}, but am ready to be enlightened)

I was ready to quibble with the wording of the title, but after reading the content decided that it was okay.

I am guessing socialism, because that's the context it was replied in

Correct. The latter. I think capitalism and corporatism are interchanged a lot but socialism has gone way beyond describing economics.

Most of what he is complaining about are regulations, which has more to do with a free or a closed market economy rather than the ownership and investment into the production mechanisms

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