The arguments today are for the socialism of republicans or the socialism of democrats. Both parties support massive top down government that either supports the finger on the scale of tax breaks toward certain interest, or grants and other expenditures toward certain ventures.
There are no capitalist out there. We have lobbyist and other rent seekers directing government expenditures and directions to what they want. Capitalism died long ago, also the responsibilities and ownership of said capital.
Not true. There is plenty of private capital with individuals having say over who owns it and how it is used. Even my paltry savings account is private capital. There are plenty of capitalist out here, but, alas, there are more who just want the capital with no effort and that where the political socialists like the Democrats dwell. They promise to take from those who have and give to those who don't have. This transfers capital from productive uses like investment to consumption. You can only do that so long before the system fails. Socialism is like trying to lift a bucket while you're standing in it.