Comment Re:It's called Capitalism (Score 1) 73
What you are describing is called Plutocracy, not capitalism.
Plutocracy is rule by the rich. Nobody wants to admit that so often they lie and claim to be a Capitalist.
Plutocracy is a form of government and capitalism is an economic system. They describe different things and can exist together just fine.
Capitalism is about the Free Market (Free as in choice) not ruling.
Capitalism and a Free Market also describe different things. All you need to have capitalism is private ownership of the means of production in the economy. A free market is arguably necessary to ensure capitalism doesn't devolve into a plutocracy, but it isn't a necessary component of capitalism.