it doesn't actually EXIST, it's an ideal that has been largely replaced by the feudal corporatocracy
100% agree.
...they weren't actually out there running stores, factories or hospitals...
Austrian school economics is merely extrapolating into detail, the very simple dynamics of free markets.
The stores factories and hospitals need no theories.
Just the freedom of free markets.
Making things over complex, is just food for the lawyers. (and other parasitical beings)