We are seeing the steady abandonment of classical capitalism in favor of crony capitalism. Big corporations and the politicians of the regulatory state are colluding for their own mutual benefit. We saw it when big insurance and pharmaceutical companies fashioned ACA for their own purposes. We see it all the time in banking and Wall Street regulations, Dodd-Frank being one notorious example.
Ms. Crawford is presenting us just one more example of hundreds she could have chosen. Our economy is not suffering because capitalism is a bad system; it is suffering because capitalism is being corrupted.