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 loosers | + | '''Crony capitalism''' is a [[liberal]] and [[fascist]]ic economic system in which the government picks winners and loosers through the use of grants, contracts, loan guaranees, regulations, [[bailout]]s and other ways of extending favors to friends while penalizing competitors. |
==See also== | ==See also== | ||