I understand your argument completely. However, capitalism will always seek consolidation of power, wealth, and the reduction in competition. The State turns into a tool for what capitalism does naturally.

Of course it seems wealth and reduction in competition..duh. that's a great thing. However, today's largest company Nvidia did not even exist 50 years ago, nor Tesla, Google, meta. Nor openai or anthropic or Bitcoin miners for that matter. The point being, they can seek power and no competition, however they cannot ever achieve this in free market capitalism. There is absolutely no downside to capitalism nor consequences of capitalism as you out it without the state having a say.

Sounds like your argument is with the state, not capitalism. We agree completely!