Difference between revisions of "Crony capitalism"
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| − | '''Crony capitalism''' is a | + | '''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. |
| − | + | ==See also== | |
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| − | ==See | ||
*[[General Motors]] | *[[General Motors]] | ||
*[[Solyndra]] | *[[Solyndra]] | ||
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*[[Obama donor list]] | *[[Obama donor list]] | ||
| − | ==External | + | ==External links== |
*[http://www.washingtontimes.com/news/2013/apr/5/burying-crony-capitalism/ Burying crony capitalism: The courts strike a blow for economic freedom] - Editorial in the ''[[Washington Times]]'' | *[http://www.washingtontimes.com/news/2013/apr/5/burying-crony-capitalism/ Burying crony capitalism: The courts strike a blow for economic freedom] - Editorial in the ''[[Washington Times]]'' | ||
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| − | [[Category : | + | [[Category:Economics]] |
| − | + | [[Category:Liberalism]] | |
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| − | [[Category : Liberalism | ||
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Revision as of 22:56, February 20, 2016
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, regulations, bailouts and other ways of extending favors to friends while penalizing competitors.