crony capitalism

[ kroh-nee kap-i-tl-iz-uhm ]

noun
  1. 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

1
First recorded in 1980–85

Words 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

  • There, they spun off a malignant, pathological, form of crony capitalism.

    After the Rain | Sam Vaknin