Pseudo capitalism.

Leftist gall is never more in evidence than when leftists juxtapose nasty, rank socialism with existing faltering, corrupt, or white oppressor "capitalism."

What we have is a far cry from capitalism, much the same way that the sun is quite different from the flame of a candle. There are certain similarities but these days you won't get much of a tan from lying next to the candle of "capitalism" but you'll get a three-alarm sun burn if you spend much time basking in the rays of our sun of pseudo capitalism.

The left thus takes the position that the misery you're experiencing and the decay of the country you see resulting from a highly socialized economy is best ameliorated by more socialism.

Capitalism's primary characteristic is that capital is put at risk for a gain/loss. If risk is off-loaded onto the Fed's bottomless balance sheet and the taxpayer via government-funded bailouts and guarantees, then capital is not actually at risk. Thus what we have isn't capitalism, but cartel crony-capitalism, a phony version of the real thing which guarantees private banking profits and socializes banking losses.

"If Being Totally, Disastrously Wrong Were a Virtue, Bernanke and His Fed Mates Should Be Sainted." By Charles Hugh Smith, Of Two Minds, 12/13/11 (emphasis in original).