OXFORD 9000
📚 noun • entry_id 59558

crony capitalism

/ˈkɹoʊni ˈkæpɪtəlɪzəm/
Meanings (ES + gloss)
capitalismo de amiguetes
A form of capitalism in which success in business depends on corrupt close relationships with government officials, often implying favouritism.
While many things can be blamed for the rampant crony capitalism in India (e.g., British imperialism, the License Raj, etc.), we are particularly interested in understanding what r…
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