crony capitalism
an economic system in which success in business is obtained through relationships to people in political power rather than through competition: The fact that only a few well-connected developers can get projects approved does seem like the sort of favoritism inherent in crony capitalism.
Origin of crony capitalism
1Words Nearby crony capitalism
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024
How to use crony capitalism in a sentence
Democrats need to respond aggressively to the crony capitalism practiced by many Republicans, particularly regarding Wall Street.
In 2012, he voted to reauthorize the Export-Import Bank, one of the purest excresences of crony capitalism imaginable.
After Cochran’s Win: Red-State Socialism Must Be Stopped! | Nick Gillespie | June 27, 2014 | THE DAILY BEASTAdam Smith wrote “The Wealth of Nations” to denounce mercantilism, the crony capitalism of his day.
After a sex scandal, a onetime fighter for the middle class learned to love crony capitalism.
Sex Scandals Stop Mattering, as Anthony Weiner Rises Again | John Avlon | May 22, 2013 | THE DAILY BEASTThe particulars of this case, in fact, reek with the stench of crony capitalism.
There, they spun off a malignant, pathological, form of crony capitalism.
After the Rain | Sam Vaknin
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