Taking egregious sums of state aid is crony capitalism and is market manipulation. And wherever you find egregious market manipulation, you'll almost always find government doing the steering.
Captain Government may be at the helm, but they’re serving is at the pleasure of those contributing to their next campaign fund. If the Yacht owners want to go to Tahiti where do you think a Yacht captain is most likely to steer the ship?
It’s a cause and a symptom of “crony capitalism” — a feedback loop that perpetuates and exacerbates existing inequality.
That under capitalism those who accumulate massive amounts of wealth can use that wealth to “buy” the state institutions to do their bidding, is precisely (one of the) problems in capitalism.
Dysfunctional states aren't exactly thriving oases of enterprise and mutual aid, are they now? In practice they're dominated by warlords and rich people buy security and contract enforcement is a function of economic leverage, so poor people have very little economic mobility or opportunity.
disaster capitalism is a term coined by Amy Goodman to describe the efforts of the most politically influential to steer the economy towards regular crises, and then take advantage of those crises via crony capitalism
Can you point to an example of "capitalism" that is not also an example of "crony capitalism"?
I feel that we should seek something more like "free markets" and "free enterprise". C[rony, if you insist, c]apitalists hate both of those things, and undermine them at every opportunity.
