Difference between revisions of "Crony capitalism"
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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 | + | '''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. |
==See also== | ==See also== | ||
Revision as of 00:53, February 23, 2015
Crony capitalism is a federally funded 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 grants, contracts, loan guarantees, regulations, bailouts and other ways of extending favors to elitist friends or banksters while penalizing competitors.
See also
External links
- Burying crony capitalism: The courts strike a blow for economic freedom - Editorial in the Washington Times
