Capitalism part deux

Capitalism as a concept needs to be redefined. We need to start to break things up into subcategories of what kind of capitalism we are talking about. Rajan talks about managed capitalism in his book. China has state-run capitalism. We had free market capitalism, which wasn't that free market. Now we have some government ownership of some means of production but we won't stop calling it capitalism.

We need new words and names for all these types of systems so we can adequately discuss the. Sure, socialism and communism are dead but there are still too many types of capitalism to honestly compare them.