Comment by Jensson
> Capitalism means all the wealth goes to those with the most capital, while free markets means the wealth flows freely in all directions
I don't understand this distinction, why wouldn't capital accumulate under free markets? The freer the market the more capital accumulates.
In a freer market that today you would have to pay a massive toll every time you went to the grocery store, because the road owner has monopoly on that route, that would lead to much more wealth accumulation.
In economics perfect markets mean that your company that raises spherical cows has no moat against others doing the same. If you do something to gain profits to become rich someone else joins the market to compete those profits down to zero. This reduces inefficiency and makes everyone rich.
Deregulation is sold as getting closer to this, in reality it means the money collects wherever the market breaks down, monopolies, network effects, externalities, concentrated special interests, middlemen, oligarchies, gangsters, landlords etc.