yeah. there is always the problem of definition drift which happens over time. two people using the same word can be talking about different things. I think maybe safer to say our version of capitalism has drifted far into government mercantilism
nostr:npub1vyrx2prp0mne8pczrcvv38ahn5wahsl8hlceeu3f3aqyvmu8zh5s7kfy55
I got the impression that the word "capitalism" once meant "free markets", but as the laissez-faire beginnings got hi-jacked by the rise of state power, "capitalism" remained the term, although the system eventually evolved into the "soft-socialist welfare state" with strong cronyism elements.
Discussion
nostr:npub1vyrx2prp0mne8pczrcvv38ahn5wahsl8hlceeu3f3aqyvmu8zh5s7kfy55
Similar thing with "anarchism". The public school teaches that it is "chaos and mayhem", and then there are totalitarian communists that tries to hi-jack the term and there are 20 different flavors of "anarchism" with statist constructs in them. Many are now trying "voluntarism" while others insist on keeping the term to its definition and a third group gone with "anarcho-capitalism" (ancap), which is two corrupted terms.