Free market is about leveling play field and equal access to marketplace for all actors big or small. Capitalism on the other hand is about maximizing control over markets and maximizing rent seeking.
Free market is about leveling play field and equal access to marketplace for all actors big or small. Capitalism on the other hand is about maximizing control over markets and maximizing rent seeking.
Which is not saying that you're wrong, I'm just pointing out that probably each person/group has a different view on what "Capitalism", "Socialism", "Communism", "Fascism" etc mean.
That can't be helped. There are people who regard anything more collectivist than a volunteer fire department as communism.
All you can do is define your terms and try to argue only with intellectually honest people.
This is typically called "crony capitalism" -- it's a "false calitalism". To the capitalist faithful, rent seeking and monopolies tend to result from impurities in the system (usually government intervention) and tend to iron themselves out without that intervention. A little starry-eyed for me, but worth understanding the viewpoint.
I would very much like to see such a creature.
I take your point, though -- that "No True Scotsmen" capitalism, like actual factual communism, is an ideal that has never been achieved, and that incentives will always render it imperfect. It does empirically seem a rather safer ideal to aim for, though.
"...which is a socioeconomic order structured upon the common ownership of the means of production and the absence of social classes, money[3][4] and the state"
Absence of social classes, money, and the state. That is the key of the definition.
I thought it was about workers owning the means of production.
Socialism since its inception was never about redistribution of capital gains, it was about the ownership of society's means of production by the working class, i.e those who survive mostly or entirely from the sale of their labour-power. This definition stretches back to even before Marx, as does Communism. Your definition of "Socialism" is what it is thought of in the US, i.e Socialism is where the government spends money on social programs which it acquires via heavy taxation. This, as many point out, is actually social democracy, a form of economic management practiced most notably in Scandinavian countries.
So if what I have said is true, you may ask: What is the purpose of the word "Communism"? The truth is that 19th century authors used the term "Socialism" and "Communism" interchangably; this can be seen in Marx and Engels, Bakunin and Oscar Wilde's works. Although they were separated into higher and lower stages, the practice of calling the lower stage as "Socialism" is an invention of Vladimir Lenin who sought to describe his country as "state Socialist" in an effort to convince people of the idea that the means of production were communally owned by the working class.
Communism is further not about party control; the idea of the vanguard party again originates from Lenin; but here we must make a distinction - Lenin did not seek to modify what his theoretical predecessors meant by "Communism", he sought to create a model of praxis, that is, to ask and answer the question of: How is Communism achieved? Lenin's own idea to this was the usage of the vanguard party, which is a group of highly educated Communist intellectuals which guides the masses of the working class toward revolution and Communism.
You are conflating Communism with praxis (thus making a category error) and further conflating that specific Leninist praxis with Communism in general. The evidence that this is a conflation rests in two facts: there exist and have existed through history democratic Socialists who not only used the terms "Socialism" and "Communism" interchangably as I have already mentioned but who sought to establish Communism not via representation of the working class themselves but via the normal methods of parliamentary democracy. An example of this praxis in use is various Socialist parties which compete in local and national elections in Europe and elsewhere. Further, there exist today several varieties of Communism, within academia the meaning of Communism can be stretched much father than you may have anticipated; Badiou writes, "where there is a State, there is Communism to oppose it". This is known as the Communist hypothesis.
On to the definiton of capitalism, the main factor is the private ownership of social means of production. By this I mean that the majority apparatus used to produce goods which society exchanges and uses are owned by individuals who seek to make a profit. This is echod by Smith, Ricardo, Marx and Keynes. Other factors which contribute to the definition include the predominant usage of wage labour and the goal of capital accumulation.
I remarked elsewhere that the art of dialectic was at some point lost; in Plato's dialogues the method was used to free the other person's soul from contradictions by advancing questioning of their assumptions and models. On mass platforms this cannot arise, as one's reputability (which should be irrelevant) comes into question via the usage of downvotes, and further the downvotes do not advance the dialectic, they aim to put a halt to it. It were as if there were, in the time of Socrates, a man sitting at the table during a diologue who did not engage but merely remarked "That's wrong!" or "I disapprove!".
Marx's biggest failing was that he did not consider a third possibility: fascism. Such a populist movement was inconceivable to Marx, the epitome of an enlightenment thinker.
What is fascism? Look at the bottom of https://en.wikipedia.org/wiki/Definitions_of_fascism wrt Orwell's comments, and "Fascist as insult".