Capitalists (i.e., those who own the capital) hate competition. They love to buy regulations and other restraints of trade that keep out competitors and entrench their positions. This occurs in every capitalist society, everywhere, always. So, it's somewhat misleading that their philosophy pretends to value what they hate.

I wish there were good terms for what we sometimes think we mean when we say "capitalism". "Free market" seems good, but the word "capitalism" often shows up in the definition...