Actually existing capitalism

"Actually existing capitalism" or "really existing capitalism" is an ironic term used by critics of certain economic systems considered capitalist or neoliberal. The term is used to claim that many economies purportedly practicing capitalism (an economic system characterized by a laissez-faire free-market system) actually have significant state intervention and partnerships between private industry and the state.

Source: Wikipedia — Actually existing capitalism (CC BY-SA 4.0)