Re: capitalism.
It’s important to note that among the left (I mean socialist/democrats/etc.) that an economy that is not completely controlled is “capitalist” – therefore all things that fail are blamed on “capitalism.” For instance, the current mess on Wall Street is the failure of capitalism and those that don’t act quick enough to get the bail outs are just “stubborn capitalists” (or worse: erroneously compared to the “free market” Hoover who “did nothing”).
In this instance, it’s important to recognize that capitalism only means that capital is accumulated somewhere. Even Milton Friedman said that capitalism is not a sufficient condition for freedom or free markets. And that the soviet union could be considered capitalist at some level (not just the black market, but that the state owned majority of it). I don’t think this is a idiosyncracy of brainpolice’s – but a real economic distinction. Hell, many countries in the world are not easily defineable as one economic system or another. What brainpolice calls the free market is what Milton Friedman called “competitive capitalism” – a way of differentiating between economic models dealing with “capital.” Of course, both are capitalism… but it does no good to discussion for two people who agree that capital should be accumulated somewhere to simply say that they agree. That is not enough or really that meaningful. If I were ever in a conversation with someone who believes absolutely no capital should be owned by anyone, then I would not bother with such an argument.