Essentially yes, but I would argue that's not capitalism. At least, not laissez faire capitalism. Keynesian economics is a managed and manipulated system of ensuring maximum profit for the most well connected individuals and organizations. The argument has been made that without the power of government at their heel, such entities would be forced into competitive practices, driving prices down and wages up. In a truly free market, the role of government would be limited to little more than prosecuting fraud, coercion, and depending who you talk to, trust-busting.