Crony capitalism

Crony capitalism,

Definition of Crony capitalism:

  1. 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.

How to use Crony capitalism in a sentence?

  1. The outrageous crony capitalism accusation left a bad taste in everyones mouth who was present during the televised national debate.
  2. I thought we were living in more of a crony capitalism and that the appearance of capitalism was a facade.
  3. If you are working in a crony capitalism you need to try and take full advantage of it and get all that you can.

Meaning of Crony capitalism & Crony capitalism Definition