When I say pure capitalism, yes, I'm referring to laissez faire capitalism.
I can't think of any countries that currently have that, and I don't think we should want that.
Socialism is likely not the best term here, but when I'm referring to it economically I mean in the sense that the government has ownership of some businesses and is regulating other businesses as opposed to what would happen with laissez-faire capitalism.
Perhaps it is better to say that the U.S. is a mix between Capitalism (a market economy) and Communism (a command-based economy) as this article explains? https://www.investopedia.com/terms/e/economy.asp
It is one of the worst countries in the world in terms of wealth disparity and income inequality.
That has not been my experience when visiting/living in other countries, but I am curious if you have some data to back this statement up?
Although I do agree that we have a problem with wealth disparity and income inequality.
I think we should look to other countries that have much higher levels of happiness (Such as Sweden) compared to the U.S. and try to imitate what they are doing.
Even in the case of looking to economies like what Sweden has, it is still a mixed economy. So completely doing away with capitalism is not something we should be striving for.