Capitalism?

According to Wikipedia, "Capitalism is the system of raising, conserving, and spending a set monetary value in a specified market. There are three main markets in a basic capitalistic economy: labor, goods and services, and financial. Labor markets (people) make products and get paid for work by the goods and services market (companies, firms, or corporations, etc.) which then sells the products back to the laborers. However, both of the first two markets pay into and receive benefits from the financial market (banks, credit-unions, brokerage houses, etc.), which handles and regulates the actual money in the economic system."

This sounds good in theory, but this system depends on the mutual goals of all three markets to be in agreement for all three to succeed in driving a healthy economy. This system only works when the goods and services and financial markets police themselves toward the betterment of the overall economy - not to the betterment of the personal bank accounts of the few in charge. As people began to see safety regulations, child labor laws, worker's compensation plans, etc. as necessary for the well being of workers, and as incentives for working in certain industries, legislation was enacted to regulate industry. Over the course of our economic history, our capitalist origins have developed into the system we have today.
 
In reality, for well over a century, the American economic system has been closer to a "Social Market Economy" system which combines private enterprise with government regulation to (ideally) establish fair competition - maintaining a balance between a high rate of economic growth, low inflation, low levels of unemployment, good working conditions, social welfare, and public services - by using legislative intervention. Notice the word "social" and not "socialist" is used. A Socialist System has a state-directed economic activity and/or a state-owned means of production. No presidential administration has suggested that American industry be owned and operated by the government. The failure of banks and industries "too big to fail" created an unprecedented problem for the government. The measures taken to keep our economy afloat are not "administration policy."