Somalia is highly regulated by a collection of Feudal warlord. No one sells a bushel of wheat there without the approval of some master.
No government regulation, your dream come true. And damn little capitalism either, since it can't exist in a vacuum meaning, without government and what it provides that taxation pays for...
What a fool, capitalism predates government and taxes. People traded amongst themselves long before they joined into tribes or villages.
That was not capitalism. That was bartering.
capitalism
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noun cap·i·tal·ism \ˈka-pə-tə-ˌliz-əm, ˈkap-tə-,
British also kə-ˈpi-tə-\
Simple Definition of capitalism
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- : a way of organizing an economy so that the things that are used to make and transport products (such as land, oil, factories, ships, etc.) are owned by individual people and companies rather than by the government
Full Definition of capitalism
- : an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market
Definition of CAPITALISM