It’s hard for people to A) understand and B) emotionally accept that when government bails out a company, or enacts a law specifically to help one company or group of companies over others, or fails to put company management in jail when they clearly deserve it, this is not capitalism. This is corporatism. Corporatism is just as bad as socialism.
When conservatives point at these kinds of actions and defend them as defending capitalism, it is dishonest and wrong. It isn’t capitalism.
When left-liberals point to these kinds of actions and say “See? Look at all these problems capitalism is causing!”, it is dishonest and wrong. It isn’t capitalism.
The United States, at least on the federal and most state levels, does not practice free market capitalism. It practices corporatism. Liberals and many conservatives are purposely and dishonestly labeling the US’s corporatism for capitalism, when they both know damn well that’s not what it is.
I once saw Michael Moore say during an interview that American big business is not run but capitalists, but big government corporatists. I applauded him for his honesty and distinction and was very impressed.
That’s why I was upset when shortly thereafter, he came out with a movie called “Capitalism, A Love Story”, which was a movie all about bashing corporatism, not capitalism. But since Michael Moore is a leftist, he hates corporatism and capitalism, so he blatantly lied when titling his movie.
This is exactly why people say “too much capitalism” caused the economic crash of 2008. No, it was too much corporatism.
(Which, by the way, under Obama, has become even worse since 2008.)