The term "capitalism" was coined by socialists in the context of criticism of the dominant 19th century system of the developed world, which had all the features of cronyism, etc., that you are trying to exclude here.
The idea that capitalism was ever anything else was an attempt by defenders of that system to whitewash it, distract from the cronyism inherent in it, and discredit critics. But its part of what "capitalism" has meant from day one -- and part of what every actual capitalist system in practice has featured prominently.
The idea that capitalism was ever anything else was an attempt by defenders of that system to whitewash it, distract from the cronyism inherent in it, and discredit critics. But its part of what "capitalism" has meant from day one -- and part of what every actual capitalist system in practice has featured prominently.