Pseudo-Capitalism is a good word. I think we should also use it to describe Reaganism “pseudo-libertarianism” and Tachterism “pseudo-liberalism”.
All in all these are pseudo-free-market scams.
When PPPs and cost plus contracts are sold as free market, while they are worse than 5-year plans, we need to call it out.
When regulatory moats are sold as “deregulation”, we need to call it out.