Likewise communism and socialism. They are all ideals that do not exist in the real world so criticizing them is rather pointless. An academic exercise at best but mostly just a waste of bandwidth and time. As for starting a thread about any of them........
I agree. In reality the share of private vs. public property (means of production) varies widely. The trend towards government owning more and more of the property, is socialism/communism.
I have described the current system most accurately as "privatization of gains, socialization of losses". There is no one word (coincidentally) to describe such a system. Plutocratism? Kleptocratism?