Crony capitalism violated the warnings made by the late M.I.T. researcher Fred C. Schweppe and his team in the book “Spot Pricing of Electricity (Kluwer, 1988)” that said: "We believe the deregulation which considers only the supply side of the supply-demand equation is dangerous and could have very negative results." There's no doubt whatsoever of the globl damage incomplete markets have done to the world.
Instead of crony capitalism, that is driven by money as short term financial capital, great capitalism is driven by talent as long run production captal. To see the great difference, please consider the following Power Industry Professionals posts:
To shift energy from anti-systemic to systemic crony capitalism is replaced with great capitalism
Satanized deregulation is giving countries unstable electoral environment
Electricity deregulation as co-creation on social networks in the systemic civilization