The proper term is “Free Enterprise”.
There is always “Capitalism”, it’s a question of who controls the Capital: The individual, Oligarchs, or The State.
No. The proper term is printed money from nothingness, handed out by the trillions starting in 2009 to prevent outright US starvation.
This is not Free Enterprise. It doesn’t have a term, because no one dares to create one.
That’s what I say. Capitalism is nothing but the innate exchange between people for desired products and services. It is fundamental and elemental to all societies.
I was in Iraq soon after the invasion and capitalism was everywhere. People were hustling - selling goods, produce, just about anything they could grow, steal or import. Dollars ruled. I have a great pic of a farmer transporting onions in a truck on MSR Tampa which I took as we drove past. The bed was packed high with onions in a pyramid several feet above the bed walls. Like something from a grocery store display. No netting or anything, just stacked and balanced.
No rules, no regulations, no controls. Just free, unfettered commerce. Yeah, capitalism.