We usually call that Crony capitalism. Which is, not really capitalism.
We usually call that Crony capitalism. Which is, not really capitalism.
And where do people "usually" call this "crony capitalism"? In fact, I tend to see this term only echoed around libertarian (the property kind, not the social kind) corners of the web.
It is also important to remember that natural monopolies can very easily form, and that the tyranny of property ownership isn't much better than the tyranny of the state granting various benefits to property owners. Proudhon in What is Property goes into this and Oscar Wilde talks about it in his essay The Soul of Man Under Socialism.
Why is the crony vs 'not crony' distinction useful, and in what ways would a 'pure' capitalist society alleviate the problems caused by crony capitalism, including but not limited to the difficulty of acquiring sufficient capital to start a business or firm, dealing with anti-competitive behavior arising out of natural monopolies, the destitution and poverty caused by the extremely low cost of labour-power in certain parts of the world?
Please don't feel as though I'm attacking, I want to learn more about your ideas.
https://www.reddit.com/r/libertarianbestof/top/?sort=top&t=a...
Check out the sidebars for 10-20 more subreddits specifically dedicated to these topics.
https://www.nytimes.com/2015/09/20/opinion/is-big-tech-too-p...
Scare quotes should be required for that phrase. "Free" market.