Capitalism refers to the process where profits (revenues minus costs) are reinvested to increase production capacity or to expand a business.
Crony capitalism refers to agreements made between capitalists and politicians.
Capitalism by default doesn’t involve fairness but competition. Any fairness is enforced by the government representing the people.
Money created by honest people can only take place without banks or with full regulation of banks. Otherwise, money will be created that’s not backed by physical assets. Also, that money is not created arbitrarily by commercial or government banks but when there are borrowers.
A product or service is created that people may or may not want to buy, but it doesn’t mean that something that a lot of people want to buy is good for them or ethically or morally good. It also doesn’t matter for business as well because the bottom line is profit, and maximization of such, unless their corporate by-laws state otherwise.
Finally, capitalists have no obligation to give away products or services that they sell, and if they do, it’s usually to market their business. And if they give away more in the sense that they are able to sell more, then they do so because that is the main goal of their business: maximization of profit.
Thus, “true” capitalism (i.e., it doesn’t involve crony capitalism, is driven by fairness and honestly made money, and provides goods and services that people need and that are good for them) involves heavy regulation by the people, cooperation instead of competition, and minimum profit-making.