crony capitalism

English

Pronunciation

• (General American) IPA^(key): /ˈkɹoʊni ˈkæpɪtəlɪzəm/

• Audio (AU)

  (file)

Noun

crony capitalism (usually uncountable, plural crony capitalisms)

1. (politics, idiomatic) A form of capitalism in which success in business depends on corrupt close relationships with government officials, often implying favouritism.

   Synonym: cronynomics

   Hypernyms: capitalism, cronyism

   • 2017, Naresh Khatri, Abhoy Ojha, Crony Capitalism in India: Establishing Robust Counteractive Institutional Frameworks‎^[1], Springer, →ISBN, page 118:

     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 role cultural values play in fostering crony capitalism.

Translations

form of economy

• Chinese:

  Mandarin: 權貴資本主義／权贵资本主义 (quánguì zīběnzhǔyì), 裙帶資本主義／裙带资本主义 (qúndài zīběnzhǔyì)

• Finnish: kaverikapitalismi
• German: Nepotismus (de) m, Vetternwirtschaft (de) f, Cousinenwirtschaft f (involving females)
• Italian: capitalismo clientelare m
• Portuguese: corporativismo (pt) m
• Spanish: capitalismo de amiguetes m

See also

• banana republic
• capitalism
• plutocracy
• socialism

Further reading

• crony capitalism on Wikipedia.Wikipedia
• “crony capitalism”, in OneLook Dictionary Search.