Question

Why does the United States not have a purely capitalistic economy?

Answer 1

America's is a mixed economy and so are Scandinavian countries'. ... Second, the United States does not have a strictly capitalist economy, but a mixed one. As such, it combines a high level of private ownership of capital and the means of production with relatively onerous regulation and taxation.

Answer 2

America's is a mixed economy and so are Scandinavian countries'. ... Second, the United States does not have a strictly capitalist economy, but a mixed one. As such, it combines a high level of private ownership of capital and the means of production with relatively onerous regulation and taxation.