If this was Biden, we’d hear no end of how he has dementia.
Government intervention to block competition is against the basis of capitalism, a facade is accurate enough
Government intervention in the economy doesn’t mean it’s not Capitalism IMHO: I see that as an unnecessarily restrictive definition. I think of capitalism in more broad terms as being for-profit private ownership of trade/industry.
I can agree that there’s some theoretical upper limit at which Crony Capitalism turns into an outright Corporate State, but I don’t think we’re quite there yet, and hopefully we can avoid it (as much as we seem to be headed that way, unfortunately).
Capitalism is literally defined by free markets, which means little to no government intervention, and specially not the government helping certain corpos crush their competitors
What you have in your country is a whole different thing
So my point from the start is that it seems inevitable that capitalists would levy their economic power to gain political power. The laissez-faire ideal sounds good (for those with capital, anyway), but without institutional protections against it, those with the most money would be dumb not to levy that money so they can rig the system.
So we’re quibbling over different thresholds at which government intervention means it’s no longer “Pure Capitalism”, but from my perspective Regulatory Capture is kind of inevitable, without protections against that happening. So that’s why I think it’s just part of Modern Capitalism in most places, and an “Oligarchy with a Capitalist Facade” is just a different life-stage of Capitalism. I’m all in favor of the institutional controls against corporate takeover/influence of governmental bodies. Corporate lobbying is a cancer, because it’s drowning out the public’s voice in politics.
