Capitalism is defined here by the universal concept of private property, independent of time and geography, in purely economic terms, free from political ideology. Capitalism thus defined is antithetical to socialism, for which a metric has been introduced by the size of government measured as...

Economic theories for policy are naturally biased either to capitalism or socialism, in ideological opposition. The theories are used as rhetorical tools by right or left politicians to argue for less or more government spending. The reality is: most economies are at least to some extent...