Capitalism is not a political system, it’s an economic system. Socialism is both a political and economic system. The terms are important. Here’s a summary: ht

Capitalism is not a political system, it’s an economic system. Socialism is both a political and economic system. The terms are important. Here’s a summary: https://www.thoughtco.com/socialism-vs-capitalism-4768969 https://www.thoughtco.com/socialism-vs-capitalism-4768969 The US is a mixture of capitalist and socialist system with distinguishing Liberal attributes.