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The meaning of CRONY CAPITALISM is an economic system in which individuals and businesses with political connections and influence are favored (as through tax breaks, grants, and other forms of government assistance) in ways seen as suppressing open competition in a free market.
Crony capitalism, sometimes also called simply cronyism, is a pejorative term used in political discourse to describe a situation in which businesses profit from a close relationship with state power, either through an anti-competitive regulatory environment, direct government largesse, and/or corruption.
Feb 11, 2016 · Crony capitalism in Vietnam takes place both on a wholesale level as well as a retail level, a fact that Americans should pay attention to. Retail crony capitalism refers to individualized, generally non-systemic expressions of corruption such as awarding jobs or university admission to people based on connections rather than on merit.
CRONY CAPITALISM definition: an economic system in which family members and friends of government officials and business leaders…. Learn more.
Meaning of crony capitalism. What does crony capitalism mean? Information and translations of crony capitalism in the most comprehensive dictionary definitions resource on the web.
CRONY CAPITALISM meaning: an economic system in which family members and friends of government officials and business leaders…. Learn more.
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Definition of crony capitalism: An economy that is nominally free-market, but allows for preferential regulation and other favorable government intervention based on ...