Capitalism vs. corporatism: El-Sayed's distinction
El-Sayed: "Capitalism is the process by which we enable supply and demand to allocate capital so that it's the most productive in an economy. We are not in a situation where we have capitalism, we have corporatism."
The actual system operating in the US isn't capitalism, it's the thing propped up by crony deals and regulatory capture.
Source
x.com