Crony Capitalism

Corporatism is not a principle of the free market. Corporatism or corporate  welfare is simply another form  of  socialism that is given to the rich instead of the poor. Every principled free market advocate  should stand against such crony practices.

The first question to ask is why do Corporations try to influence politicians so much? Why are billion dollar businesses begging money from the government? The answer is that competing with another business is extremely difficult. A business could easily get wiped out by a superior product. Blackberry is a good example of this. It used to be  one of the most popular smartphones. But, now it's market share is almost completely lost. A company has to set aside part of their profits to their R&D departments and that can be quite expensive. So, how is it that  a company like Blackberry is still able to be in business? Government employees are one of the few consumers that Blackberry still has.  That's because they weren't allowed to bring and use their own smartphone. This created a monopoly as consumers weren't allowed to use another product. Now,  with   new BYO(bring your own device ) policies Blackberry will lose their monopoly and will have a harder time making a profit.  Another example would be Blockbuster and Netflix. Netflix has completely wiped out Blockbuster and destroyed their profit margins. Imagine a shareholder who had stocks in Blockbuster. A market innovation is the worst nightmare of "evil" capitalists who have stocks in those companies.Corporations have a tougher time holding market share in a free market economy.  Regardless, the consumer always wins in the end with the better products that are introduced from this. Shareholders want stable growth and not having to spend more of a company's profit to create new products.
However, government have made   a policy socialism for the rich and  this has corrupted the markets. Now, corporations are more optimistic about bailouts or welfare given to them. They have lost the energy to innovate and compete. If businesses aren't allowed to fail then they more depend on taxpayers subsidizing them. Now corporations crush new business they don't like with insane regulations. Uber is a perfect example as instead of wanting to compete and embrace new technologies. Corporations prefer to live in dark and ignore the brilliant solutions that the markets provide.

Now a simple solution (in my opinion) would be first to freeze all new regulations. Then , we remove  most current regulations. Then create a regulatory board that basically states which regulations should be followed.  This board will then give a safe product certification and will be a legal defense for them in court. Not having this certification simply means a business has to make a stronger legal defense.  Most business will want to have these certifications as consumers will favor products that only have this certification. And businesses would love to a legal defense to use in court. Of course, this could be a private board but I feel there can be some role of government in marketplace.  I see no need to privatize all functions of the government.