Is Immigration a Net Benefit or Drain?

[Jason Harvestdancer]

Then help me out here, and tell me what is the name of my particular economic ideology that differentiates it from Keynesianism and Monetarism? Note, I'm asking for the name (as in what an Economist would use to describe it) and not your opinion of it (such as saying "it is stupid").

I never said it is stupid.

But I would say you probably subscribe to some flavor of Anarcho-capitalism or "Laissez Faire" capitalism, if you wish to use an older term.

We used to use the term "capitalism" for that, but lost that term. Then we used the term "free market" to clarify our meaning, but now we've lost that as well. How long until we lose the term "Laissez Faire" and it also includes the ideologies that are meant to be excluded by using the term...

Have you ever heard of the term "mixed economy"? For a long time textbooks described the USA with that term, how it wasn't completely capitalist but included other elements. Then for some reason the textbooks dropped that more accurate descriptor and just used Capitalist. I can see it had the intended effect.

 

[Derec]

Have you ever heard of the term "mixed economy"? For a long time textbooks described the USA with that term, how it wasn't completely capitalist but included other elements. Then for some reason the textbooks dropped that more accurate descriptor and just used Capitalist. I can see it had the intended effect.

Actually existing capitalism is in effect a "mixed economy".

It's still proper to refer to it as "capitalism" because private ownership is the main type of means of production. Reversely, it is ok to refer to a system where main type of ownership of means of production is state/public as "socialism" even if it allows limited private ownership (farmholds, small businesses).
What is ridiculous, however, is to call every system that has a solid social safety net or public investment in infrastructure "socialism".

So can we put this derail to rest please?