I think terms like "capitalism" inherently spread confusion rather than clarity.
Specifically, which of these systems do you mean by "capitalism"?
1) The status quo in the US where the economy is dominated by private corporations but the government has some regulations and some safety net. Also, corporations receive a significant amount of welfare from the government, generally control the regulatory agencies and some are primarily funded by the government either directly (NPR/PBS, Amtrak, etc.) or as its primary customer (defense contractors).
2) The system that existed in Gilded Age America where there was very little regulation but lots of corporate welfare and a US Army that would "remove" any American Indians who were causing trouble for the railroads.
3) The libertarian utopia where absolutely everything is privatized.
4) A system where everything except the police and military is privatized, there are virtually no regulations and there is no corporate welfare. Basically the more moderate form of libertarianism.
5) Basically the system we have in the US but with a larger safety net, more regulations and less military spending. In other words the European system that is one of the things commonly called "socialism" in US politics but it is also called "capitalism" when convenient to contrast it against other types of economies.
6) An economy where most people have a reasonable chance of eventually becoming running their own business and where large businesses are generally rare. In this system, creating a corporation might even require an act of a state legislature or the national legislature and would be generally rare and mainly for utilities like long distance transportation. This is the system that generally prevailed in the free states of the US prior to the Gilded Age.
7) The system that existed in the mid-20th century US that is somewhere between 1) and 5). Strong unions, regulations (often captured by corporations), large corporations that make stuff domestically, restrictions on imports, defense contractors exist, etc. The main distinguishing characteristic of this system is a high degree of income equality. CEOs don't make dramatically more than typical workers and even entry level pays a living wage.
At one point, I would have defined "capitalism" as 3 or 4. Today, I'd define it as 6. Most people would probably define it as 1, 2 or 7 which is what I would call "corporatism". I'm also undoubtedly leaving out other definitions of capitalism. The term "socialism" is also unhelpful for the same reason.
People who like "capitalism" or "socialism" define it as an economic system they like then use the other word to define a system they don't like. Then they talk past people who have different definitions of those terms. An argument about Venezuela or the USSR is not a reasonable argument to use against somebody who wants the Nordic model in the US or to go back to the mid-20th century economic system. An argument about corporate welfare or defense contractors is not a reasonable argument to use against a libertarian.