that's actually what the non-commie definition of capitalism is.
and you probably didn't know that capitalist was originally a perjorative from the ruling class against those who saved money and developed the concept of factories, which are the foundation of the industrial revolution
we be the niggers. you don't need to invent a new term. you need to learn about the history
Capitalism contains a lack of self-restraint in competition. The backlash has been over-regulation by the state to keep powerful competitors in check. Complete self-serving can't be it even if moral behavior is incentivized by competition, because there is the case where no competitors act morally and the barriers to entry are too high.
So yes a new word is needed to describe a more selfless capitalism.
Like I said it is more of a philosophy that doesn't have a good model for how to achieve it in the modern world. I wouldn't advocate achieving it through force so I am left to ponder what conditions would allow smaller entities to flourish. I think limiting the size and complexity of the body of law would be a start. Regulatory capture is a problem.
the restraint of competition of the market is superior entrepreneurs.
"powerful competitors" hitch a ride on the fallacy of the necessity of government to gain an unfair advantage by changing the law.
i'm not going to redefine plenty sufficient old terms, just because you got your mind poisoned by communist propaganda.
precisely, not using force, is the whole point and centre of how it works.
it will prevail, and always prevails whenever there is no big tyrannical oligarchy in the picture. there is numerous parts of teh world where unfettered capitalism is in play. they are the best places in the world.
