Idiom: Crony Capitalism
Meanings
How to pronounce "crony capitalism":
AU
A form of capitalism in which success in business depends on corrupt close relationships with government officials, often implying favouritism.
Example Sentences
1
The government's decision to award the contract to their close friends is a clear example of crony capitalism.
2
Under the veil of crony capitalism, corporations receive preferential treatment from the government.
3
Some argue that crony capitalism leads to a widening wealth gap in society.
4
Political connections play a significant role in crony capitalism.
5
The prime minister's close ties with big business result in a system of crony capitalism.
