No, this is actually existing capitalism. The utopian fantasies of capitalist theorists like Adam Smith and Keynes simply do not work or exist in reality.
In terms of Smith writing about his present conditions, I think it was accurate enough for mercantile society. The problem (besides his not-always-reasonable history) is that because he often failed to distinguish first principles from idiosyncracies, the logic of his observations shatters in any other context (e.g. global capitalism).
Corporatism is fascism and not "corporations misbehaving according to my ideals", which is just capitalism. I'm not making any statement about capitalism degenerating to fascism here.
I want to try taxing first. Maybe if we can just remake a bunch of Pre-Reagan SEC rules and raise the top earning brackets, add some tiers, that might help like it did after the Gilded Age and Great Recession.
Of course the only way to do any of that is to vote blue and the USA is kind of fucked as far as the political spectrum goes. Again, Reagan's fault for deregulating campaign finance.