So-called “crony capitalism” is misnamed. It should be called simply “cronyism”; capitalism has nothing to do with it. In fact, it’s the antithesis of capitalism — bringing government in to take sides, to pick winners and losers, and to grant or withdraw favors.
This misnomer is no accident. The label “crony capitalism” is an Alinsky-like trick of the left to try to discredit capitalism in general.