Isn’t that how capitalism works in general?
Edit: thanks for the downvotes. Defenders of capitalism unite!!! lol. Free market right?
No. This is how crony-capitalism works.
You could make a decent argument that capitalism will very likely end-game devolve into crony-capitalism as it's typical failure mode, but I don't think it's written in stone.
It's funny to me. Everyone rails about Atlas Shrugged being some libertarian fantasy story. I always read it as an allegory warning about crony capitalism and how it ruins society along with a story about trains and magical perpetual motion machines.
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You're forgetting that whenever the incentives lead to bad places it isn't True Capitalism (tm).
The beauty of capitalism is you have a choice. There are already ETFs that exclude SpaceX/Elon's company's for those who so desire.
See QQNE and SPNE.
Can this be called "Capitalism" when SpaceX is now a public company?
It’s how the world works in general. Bribes and corruption are not unique to capitalism.