I think this pretty accurately describes modern capitalism so I'm wondering what your point is.
I think that a very few people control all of the property that
matters in the execution of power, ie: government, media, education, et al. This is where conspiracy theory comes in, and I diverge from "conservatives". Conservatives, typically fail to acknowledge the very real wealth disparity that exists both in the west and the rest of the world. Where they do acknowledge it, they attribute the difference to a lack of "merit", and offer a bankrupt "pull yourself up from your bootstraps" solution to an intractable problem.
I contend that capitalism doesn't exist in any meaningful form, because of the corruption of money itself. Yes, private property exists, and so does the private ownership of the means of production. But since the fiat money/fractional reserve banking system enables those who control it to expropriate the means of production (and whatever other property they desire) by the simple issuance of fiat money, they can acquire all of the property that matters in exchange for nothing at all. The system that actually exists could be more accurately described as the "privatization of gains, and the socialization of losses". The people who have the power to create money cannot lose, because they can simply socialize the burden of their losses. This has nothing to do with politics, and everything to do with money.
This type of fraud renders any
equitable notion of private property obsolete, for the same reason that if Kim Jong Un points a gun at someone and expropriates their property, we get the same result - theft of the productive, by the non-productive.
If an armed robber points a gun at you and forcibly takes your property, is capitalism to blame? In the same vein, if bankers create fantastic sums of fiat money for themselves and their cronies
ex nihilo, and acquire all of the property that matters, is capitalism to blame? The answer is no to both questions.
Capitalism is about profit
and loss. Those who have the power to create money can never lose. There can be no capitalism without honest money.