[Professor Jennifer] Burns doesn't seem to understand that when leftists, or conservatives or liberals for that matter, refer to capitalism, they don't mean what Ayn Rand meant by it. mean the system that is otherwise known as mercantilism, corporatism, state capitalism, or even fascism—a system in which huge corporations, aided by the state, dominate a heavily-regulated and centrally-directed economy. is what both conservatives and liberals advocate, this is what the New Left opposed. New Left guru, the late Murray Bookchin, told me thirty years ago in Boston that he had no quarrel with what Ayn Rand and Murray Rothbard meant by the term , a system in which people divide their labour, specialise in producing certain goods and services, and trade among themselves. Bookchin told that he would say that is not capitalism, though there are many different definitions.
Jeff Riggenbach