

A lot of initial theory was written when the idea of complex markets and how they functioned was a relatively new idea. Compared to previous economic systems that were implemented, capitalism involved a lot less government involvement.
Crony Capitalism came about as an idea when established companies found it was cheaper to buy off the government for a better regulatory environment.
In theory you can have capitalism without crony capitalism, but it generally requires political power to be very diffuse and not concentrated in certain industries.







If the USA was going to pick another language, it would be German.