A phrase that begins “it sounded good in theory” frequently ends with “but it didn’t work in practice.” A theory before it is tried is like a person without experience. As people are by necessity shaped by experience, so must theories be recast and modified. It should not be considered a failure if a theory does not meet initial expectations. As a person needs to adjust to life, so must theories be modified and adjusted. Pristinely pure and unmodified theories are virtually always relegated to the archive bin. Capitalism because of necessity has lost its totally free enterprise purity; and so has every surviving “ism” met modifications in one way or another. With people as with theories, adaptation is an indicator of viability.
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