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'''Crony capitalism''' is a 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 government picks winners and losers through the use of grants, contracts, loan guarantees, [[regulation]]s, [[bailout]]s and other ways of extending favors to friends while penalizing competitors.  

'''Crony capitalism''' is a 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 government picks winners and losers through the use of grants, contracts, loan guarantees, [[regulation]]s, [[bailout]]s and other ways of extending favors to friends while penalizing competitors.  

"Infrastructure" legislation, such as that considered in August 2021, is stuffed with crony capitalism such as its $7.5 billion to pay for charging stations for [[Electric Vehicle]]s, when the [[free market]] pays for gas stations.

"Infrastructure" legislation, such as that considered by the [[U.S. Senate]] in August 2021, is stuffed with crony capitalism such as its $7.5 billion to pay for charging stations for [[Electric Vehicle]]s, when the [[free market]] pays for gas stations.

Crony capitalism also can work to the disadvantage of workers and consumers, for example when coal-burning electric plants import cheaper coal because of lower foreign labor costs, American coal miners are laid off due to [[EPA]] regulations, and consumers see no reduction in electric rates.

Crony capitalism also can work to the disadvantage of workers and consumers, for example when coal-burning electric plants import cheaper coal because of lower foreign labor costs, American coal miners are laid off due to [[EPA]] regulations, and consumers see no reduction in electric rates.