There are scarcely any pure Socialist countries anymore, and there are no pure Capitalist countries in the world since the great deprassion. Pure Capitalism is not a good thing, enslaving labor to poverty, and enriching the few elite owners.
Today the USA is becoming more more capitalist and socialist. Americans are like the birds who have been fed from a bird feeder for a long time, have come to depend on the "free" handouts. The USA is a combination of "good" socialism and "semi bad" capitalism.
"Good" socialism means not USSR totalitarian, gulag, socialism. (My using "good" in quotes is intentional, as Pope Pius XII defined socialism and communism as inherently evil. That means it's ALL evil in and of itself. There is no such thing as good socialism)
"semi-bad" capitalism = there are still people making good salaries from monopolizing capitalist corporations. But these salaries are disappearing every day, with jobs being sent overseas to the lowest bidder, serf laborer, To explain:
G.K. Chesterton (1920's)said:
Capitalism is contradictory as soon as it is complete. For the master is always trying to cut down what his servant demands, and in doing so is cutting down on what his customer can spend. He is wanting to treat the same man in contradictory ways: He wants to pay him like a pauper but expects him to spend like a prince.
I don't think that is “Pure” Capitalism. In a truly “pure” Capitalism, with truly free and fair markets (i.e., few barriers to entry, no collusion to fix prices or wages, no fraud or other criminal behavior) the “few elite owners” could never “enslave labor to poverty”.
In a truly competitive Capitalist economy, more “generous” owners would pay higher salaries to lure the labor away (I use quotes, because they could be acting in their own economic interests, rather than out of of altruism) and workers would choose not to work for those who pay low wages, driving them out of business.
Eventually, salaries would reach an equilibrium point where salaries would be at or near the highest amount owners could afford to pay, while still making an acceptable profit.