This is one of the manifestations of Crony Capitalism. That is, manipulation (i.e., typically regulation) that puts its thumb on the scale and picks winners and losers.
Most people who complain about capitalism are actually complaining about Crony Capitalism. The fact that they don’t understand the difference\+* is what makes CC so “magical.”
** The NFL is not the Premier League, and vice versa. Both play football, yet no one would confuse the two. Capitalism and Crony Capitalism should have the same differentiation and clarity. The reason they do not is not accidental.
Capitalism evolves into Crony Capitalism just as Communism evolves into Dictatorship and Tyranny, Feudalism evolves into Serfdom, etc. I'm just surprised it lasted this long...
Most people who complain about capitalism are actually complaining about Crony Capitalism. The fact that they don’t understand the difference\+* is what makes CC so “magical.”
** The NFL is not the Premier League, and vice versa. Both play football, yet no one would confuse the two. Capitalism and Crony Capitalism should have the same differentiation and clarity. The reason they do not is not accidental.