Thanks for the support and the comment, @commonlaw, I appreciate that a lot :-)

That is and always has been what capitalism is without a free market.

So, what does a "free market" look like? And can you point to any time in human history in which markets have been "free"? I have to agree with @k9disc; a "free market" is a contradiction in terms. It cannot exist. The simplest way to understand why markets can never be free and have never been free, is to define for yourself the term "ownership". How do we determine what's mine and what's yours?

What you describe is a plutocracy, which is the end result of all capitalist experiments throughout our history. The crony capitalism @lucylin mentions is the practice of the highly mutilated capitalist ideology, just as communism is the practice of the highly mutilated Marxist ideology.