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"Crony capitalism" is a term leftists use to to put blame on capitalism for the crimes committed by corporatism.
An overly regulated market (usually caused by socialists) becomes vulnerable to corruption and corporate influences. This makes it easy for big corporations to outright buy legislation, and thus regulations are created that benefit a few select corporations and limits free competition. The counter to this is to secure the freedom of the market from destructive regulations in the first place.