I think that economists and sociologists should make a study over what Americans undestands as socialism, capitalism, comunism, liberalism and etc..., because they always got their meanings wrong. Someone even states that China was a state capitalism. Dude, if your country do not allows private rights over things like goods and propriety, then this isn't really any form of capitalism, Is just plainly a extreme form of socialism. Also, a capitalist country don't need to be a laisses faire system, so yes, there is bad capitalist countries out there, but not all of them are the same, nor do the good ones are the same. The economic system varies in accord to the laws and institutions of each country, so yes, China is NOW a capitalist country, because it made markets reforms, and we can call it a state capitalism country because its institutions, but it was'n like that before the 80's.