Maybe it would be good to elliminate big corpo from the market and replace it with a mixture of private business owners and maybe worker communes (hate the name). Such structures could be more socially responsible then what we have now.
@Aki you said "The way I see it we have two theoretical models that do not exist in practice. What we have in practice are markets with varying levels of regulation." this would be a conflation of capitalism with a laissez faire economy, capitalism in no way discusses regulation its the idea of having capital.
What I meant is the free market model. Outside of that I don't find arguing about definitions to be particularly productive... but I also don't think that using a definition that encompasses everything outside of some autistic commie wet dream to be particularly practical. ;p Putting aside the fact that we disagree about what should be regulated (and that is a given taking the into account some booming facts ;p) I think that the reason why a free market can't exist in practice is the same reason why communism can't exist in practice and that is the so called human nature. We are too tribal to be able to live as individuals alone and too individualistic to be treated like automatons.
as the system was ultimately reworked to oblivion, it eventually began to dysfunction, because the way it had been reformed to operate no longer matched the model that it had been set up with
