crony capitalism


An economy that is nominally free-market, but allows for preferential regulation and other favorable government intervention based on personal relationships. In such a system, the false appearance of "pure" capitalism is publicly maintained to preserve the exclusive influence of well-connected individuals.

Use crony capitalism in a sentence

  • I thought we were living in more of a crony capitalism and that the appearance of capitalism was a facade.

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  • The outrageous crony capitalism accusation left a bad taste in everyone's mouth who was present during the televised national debate.

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  • If you are working in a crony capitalism you need to try and take full advantage of it and get all that you can.

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