Bowles and Gintis apparently make an argument in Schooling in Capitalist America that changes in education in the late 1800s/early 1900s served the ends of capitalists rather than the people.

At the onset, if possible - - it would be preferable to have a clear understanding of what and how Marx would define the following three terms: 1. What is capital? 2. What is capitalism? 3. What is a capitalist economic system?

The list of eight (8) elements or "moments" combined with the phrase "totality of what capital is all about". appears to be somewhat confusing. Did you mean to say what "capitalism is all about"? Or, does "capital" consists of a list of "things" as well as (at least one) process?

And, are these 8 items all part of one single process - - called "capital" which is then transformed into different elements or "moments" as it circulates? Or, are there 8 separate interrelated processes?

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?