It's literally just regulatory capture. It has nothing to do with capitalism.
In a truly capitalistic economy, there would be no regulations preventing competitors from coming in and creating competition. The propaganda doesn't have to be good when nobody understands what is and isn't capitalism anyways.
In a truly capitalistic economy, there would be no regulations preventing competitors from coming in and creating competition. The propaganda doesn't have to be good when nobody understands what is and isn't capitalism anyways.