Monopoly capitalism isn't free market capitalism, it's a failure of government to umpire free markets to prevent monopoly formation.

Free markets are the best system of resource management we have, but their major flaw is progressive consolidation of capital to the extent of monopolies, duopolies, triopolies etc.

Government corruption such as cronyism has led to the failure of government to umpire free markets which has led to the monopoly capitalism of today.

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