Two kinds of capitalism

There are two different kinds, or definitions, of capitalism.

1. Capitalism as a system of government-granted privileges. Many of the 19th century critics of capitalism opposed this capitalism.

2. Capitalism as a system of free enterprise and competition, with no government regulation of the market. Many of the 20th century defenders of capitalism defended this capitalism.

I totally oppose the first kind of capitalism. I am totally in favor of the second kind of capitalism.