The proper term is “Free Enterprise”. Distribution of Capital in the hands of more people, rather than in the hands of the few, be it individuals or The State.
Thank you. That was the phrase I was looking for. I’m 71, and I’m aware that words are slipping away. The internet is a HUGE help, but I have to be motivated to use it to search for that word or phrase that I used to easily recollect. 😉