'''Crony capitalism''' is a [[federal funding|federally funded]] [[liberal|left-leaning]] economic system which is more like an [[oligopoly]] than [[free enterprise]]. In crony capitalism, investments are not based on [[morality]] or true free enterprise. Often in crony capitalism the [[big government]] (see [[socialism]] [[fascism]]) picks winners and losers through the use of [[grant]]s, contracts, loan guarantees, [[regulation]]s, [[bailout]]s and other ways of extending favors to [[elitist]] friends or [[bankster]]s while penalizing competitors. | '''Crony capitalism''' is a [[federal funding|federally funded]] [[liberal|left-leaning]] economic system which is more like an [[oligopoly]] than [[free enterprise]]. In crony capitalism, investments are not based on [[morality]] or true free enterprise. Often in crony capitalism the [[big government]] (see [[socialism]] [[fascism]]) picks winners and losers through the use of [[grant]]s, contracts, loan guarantees, [[regulation]]s, [[bailout]]s and other ways of extending favors to [[elitist]] friends or [[bankster]]s while penalizing competitors. |