Definition of 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.
How to use Crony capitalism in a sentence?
- The outrageous crony capitalism accusation left a bad taste in everyones mouth who was present during the televised national debate.
- I thought we were living in more of a crony capitalism and that the appearance of capitalism was a facade.
- 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