[econjack]

There is no capitalism today.

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.

[Theoria]

'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. '

Not true at all. Your savings account is backstopped and protected by

Government via the FDIC

. In the past, a private bank would guarantee investments and interest rates. Hello 'It's a Wonderful Life', government now controls all aspects of our current system, and you just celebrated another of a form of picking a industry to be protected by government. Capitalism has always involved risk, government has removed vast amounts of that risk to cater to certain interest groups. Banking is part of that protected class.