What Is Crony Capitalism? Political and Economic Debates

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2026-02-12 21:52:29 -

What Is Crony Capitalism? Political and Economic Debates Crony capitalism is a term used to describe an economic system in which business success depends heavily on close relationships with political power rather than on fair competition, innovation, or efficiency. In a crony capitalist system, companies and wealthy individuals gain special advantages—such as government contracts,...

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