Keep calling it capitalism, it just shows you don't understand economics lol. Crony capitalism = socialism for the rich
That's why I prefer the term "free market" to capitalism. It's not about the profit or the acquisition of capital, it's about the freedom to transact. Profit is the enzyme or fuel.
I would call crypto a "free market," but I wouldn't really apply the term to traditional markets, simply because of the phrase's connection with laissez-faire theory
I don't think that a free market/capitalism can exist in conjunction with billionaires or monopolies, regional or otherwise. The US hasn't been truly capitalist or free for a long time