I instead use the phrase “crony statism” which is more accurate, albeit less common.
In brief, capitalism invokes free markets, free trade, with a fair and level playing field for all participants where the rules are enforced regardless of stature.
Cronyism is an un-level playing field; dishonest players with the help of corrupt referees create disadvantages to competitors.
Statism is the ready willingness of government actors who collude so easily and instinctively with powerful private interests — that means unions, too!— to tilt the playing field.
God Bless Mark Levin for making "statism" an "unpopular" word by repeatedly using it in his NYT best-seller "Liberty and Tyranny."
Nineteenth-century "ordoliberalism" answers this description. Open markets and honest cops to keep the combinations and crooked players in check.
So named from the extinct German theoretical journal Ordo, "order", where classical liberals and ordoliberals debated the efficacy of the market as a self-policing mechanism. (The very subject in which we've all been handed our ass, courtesy of Alan Greenspan, "Poppy" Bush, and Bob Rubin, among others.)