21st Century Economics (USA)
Economic Theory of a Market Economy, Characteristics, Pros, and Cons
Americans and the World believe or want to believe that the United States is built upon a Market Economy.
Historical context validates a classic Market Economy theory as directed by our Founding Fathers and Constitution.  We clearly do not have a pure Market Economy today (2021).
- To Big to Fail - (Bailouts)
 
- Farm Subsidies 
 
- Political Influence (money, lobbying, tenure)  
 
- Government Agencies 
 
- Military/Industrial Complex
 
- Federal Reserve (Central Banking)
 
- Social Security
 
- Medicare
 
- Other
 
Most Americans lump (through education) the concept of economics and government together, into 3 basic categories; Capitalism, Socialism and Communism.
The U.S. is a Capitalist Nation with a corresponding market economy.
Is this statement Fact or Hypothesis ?
Can we still rely on textbook economic models in the 21st Century?