Capitalism, as outlined by Adam Smith, only capabilities in societies with the proper financial institutions and the proper respect for the rules of habits” (as cited in Galbraith, 1993, p. 12). John Kenneth Galbraith (1993), a Keynesian writer, famous that in the United States the construction of the economy and the position of government are more and more not appearing in accordance with the definition of a capitalist society. Galbraith (1993) wrote that these institutions are both behaving in brazen defiance of their guidelines” (p. 9), but America still defines itself as a capitalist society.
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