Our society have both elements from capitalism (eg. property rights, voluntary exchange, competitive markets) and from socialism (eg. collective taxes, social r

Our society have both elements from capitalism (eg. property rights, voluntary exchange, competitive markets) and from socialism (eg. collective taxes, social redistribution, centralisation, market regulation). What the parent is complaining about is coming from the ability of a central body to regulate the economy and it's complaining more about socialism than capitalism. We don't have an unregulated market.