It's possible. Adam Smith wrote very articulately on the importance of not artificially favoring certain industries or producers (as did Mises, elsewhere).

I would say the extension of the critique to crony capitalism is that the political favor enjoyed by those producers is an erosion of the consumer sovereignty Mises discusses as being vital for making sound economic calculations. There's also the crowding out of producers who don't enjoy that political favor, which is loosely analogous to the state preventing them from pursuing that occupation.