You believe it is exaggerated. If the company gives too much money to someone, another company can do the job better, therefore cheaper, and win contracts. Another marketplace
This works if the market is a free market. In 2008, competition in the banking industry was shunted by government intervention. "Capitalism" paused by people "smarter than the market".
I think even normally, this system far from perfect. But to throw out a system that actually has mechanisms for handling this and replacing with one that does not is no improvement