Difference between revisions of "Crony capitalism"
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| − | '''Crony capitalism''' is a [[liberal]] and [[fascist]]ic economic system in which the government picks winners and losers through the use of grants, contracts, loan guarantees, | + | '''Crony capitalism''' is a [[liberal]] and [[fascist]]ic economic system in which 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. |
==See also== | ==See also== | ||
Revision as of 20:14, March 22, 2013
Crony capitalism is a liberal and fascistic economic system in which the government picks winners and losers through the use of grants, contracts, loan guarantees, regulations, bailouts and other ways of extending favors to friends while penalizing competitors.