Crony capitalism information

This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these template messages)

This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed.
Find sources: "Crony capitalism" – news · newspapers · books · scholar · JSTOR (March 2022) (Learn how and when to remove this template message)

The examples and perspective in this article may not represent a worldwide view of the subject. You may improve this article, discuss the issue on the talk page, or create a new article, as appropriate. (March 2022) (Learn how and when to remove this template message)

(Learn how and when to remove this template message)

Capitalism
Part of a series on
Concepts Austerity Business Business cycle Businessperson Capital Capital accumulation Capital markets Company Corporation Competitive markets Economic interventionism Economic liberalism Economic surplus Entrepreneurship Fictitious capital Financial market Free price system Free market Goods and services Investor Invisible hand Visible hand Liberalization Marginalism Money Private property Privatization Profit Rent seeking Supply and demand Surplus value Value Wage labour
Economic systems Anglo-Saxon Authoritarian Corporate Dirigist Free-market Humanistic Laissez-faire Liberal Libertarian Market Mercantilist Mixed Monopoly National Neoliberal Nordic Private Raw Regulated market Regulatory Rhine Social State State-sponsored Welfare
Economic theories American Austrian Chartalism MMT Chicago Classical Institutional Keynesian Neo- New Post- Market monetarism Critique of political economy Critique of work Marxist Monetarist Neoclassical New institutional Supply-side
Origins Age of Enlightenment Capitalism and Islam Commercial Revolution Feudalism Industrial Revolution Mercantilism Primitive accumulation Physiocracy Simple commodity production
Development Advanced Consumer Community Corporate Crony Finance Global Illiberal Late Marxist Merchant Progressive Rentier State monopoly Technological
People Smith Mill Ricardo Malthus Say Marx Friedman Hayek Keynes Marshall Pareto Walras von Mises Rand Rothbard Schumpeter Veblen Weber Coase
Related topics Anti-capitalism Capitalist propaganda Capitalist realism Capitalist state Consumerism Crisis theory Criticism of capitalism Critique of political economy Critique of work Cronyism Culture of capitalism Evergreening Exploitation of labour Globalization History History of theory Market economy Periodizations of capitalism Perspectives on capitalism Post-capitalism Speculation Spontaneous order Venture philanthropy Wage slavery
Ideologies Anarcho Authoritarian Classical liberalism Democratic Dirigisme Eco Humanistic Inclusive Liberal Liberalism Libertarian Neo Neoliberalism Objectivism Ordoliberalism Privatism Right-libertarianism Third Way
Capitalism portal Business portal
v t e

Bribery
Cronyism
Economics of corruption
Electoral fraud
Elite capture
Influence peddling
Kleptocracy
Mafia state
Nepotism
Pyrrhic defeat theory
Slush fund
Simony
State capture
State-corporate crime
Throffer

International Anti-Corruption Court
Group of States Against Corruption
International Anti-Corruption Academy
International Anti-Corruption Day
United Nations Convention against Corruption

Africa
Angola Botswana Cameroon Chad Comoros Democratic Republic of the Congo Egypt Equatorial Guinea Eritrea Ethiopia Ghana Guinea-Bissau Kenya Liberia Mauritius Morocco Nigeria Senegal Sierra Leone Somalia South Africa South Sudan Sudan Tanzania Tunisia Uganda Zambia Zimbabwe
Asia
Afghanistan Armenia Azerbaijan Bahrain Bangladesh Brunei Cambodia China Cyprus Georgia India Indonesia Iran Iraq Israel Jordan Kuwait Kyrgyzstan Kazakhstan Lebanon Malaysia Myanmar Nepal North Korea Pakistan Philippines Singapore South Korea Sri Lanka Syria Tajikistan Thailand Turkey Turkmenistan Uzbekistan Vietnam Yemen
Europe
Albania Austria Belgium Bosnia and Herzegovina Bulgaria Croatia Czech Republic Denmark Finland France Germany Greece Hungary Iceland Ireland Italy Kosovo Latvia Lithuania Luxembourg North Macedonia Northern Ireland Moldova Montenegro Netherlands Norway Poland Portugal Romania Russia Serbia Slovakia Slovenia Spain Sweden Switzerland Ukraine United Kingdom
North America
Canada Mexico United States
Central America
Costa Rica Cuba El Salvador Haiti Nicaragua
South America
Argentina Bolivia Brazil Chile Colombia Ecuador Paraguay Peru Uruguay Venezuela
Oceania
Australia New Zealand Papua New Guinea

Discrimination
Part of a series on

Forms Institutional Structural
Attributes Age Caste Class Dialect Disability Genetic Hair texture Height Language Looks Mental disorder Race / Ethnicity Skin color Scientific racism Rank Sex Sexual orientation Species Size Viewpoint
Social Arophobia Acephobia Adultism Anti-albinism Anti-autism Anti-homelessness Anti-drug addicts Anti-intellectualism Anti-intersex Anti-left handedness Anti-Masonry Antisemitism Aporophobia Audism Biphobia Clannism Cronyism Elitism Ephebiphobia Social determinants of health Social determinants of health in poverty Social determinants of mental health Fatphobia Gayphobia Gerontophobia Heterosexism HIV/AIDS stigma Homophobia Leprosy stigma Lesbophobia Discrimination against men Misandry Misogyny Nepotism Pedophobia Perpetual foreigner Pregnancy Reverse Sectarianism Supremacism Black White Transphobia Non-binary Transmisogyny Vegaphobia Xenophobia
Religious Ahmadiyya Atheism Baháʼí Faith Buddhism Catholicism Christianity post–Cold War era Falun Gong Hinduism Persecution Untouchability Islam Persecution Jehovah's Witnesses Judaism Persecution LDS or Mormon Neopaganism Eastern Orthodox Oriental Orthodox Protestantism Rastafari Shi'ism Sufism Zoroastrianism
Ethnic/national Afghan African Albanian Arab Armenian Asian France South Africa United States Assyrian Azerbaijani Black people African Americans China South Africa Bengali Catalan Chechen Chinese Croat Filipino Finnish French Georgian German Greek Haitian Hazara Hispanic Hungarian Igbo Indian Indigenous people Australia Canada United States Iranian Irish Israeli Italian Japanese Jewish Korean Kurdish Lithuanian Malay Mexican Middle Eastern Mongolian Pakistani Palestinians Pashtun Polish Quebec Romani Romanian Russian Serb Slavic Somali Tatar Thai Turkish Ukrainian Uyghur Venezuelan Vietnamese
Manifestations Anti-LGBT rhetoric Blood libel Bullying Cancel culture Capital punishment for homosexuality Compulsory sterilization Corrective rape Counter-jihad Cultural genocide Defamation Democide Disability hate crime Dog whistle Economic Education Employment Eliminationism Enemy of the people Ethnic cleansing Ethnic conflict Ethnic hatred Ethnic joke Ethnocide Forced conversion Freak show Gay bashing Gendercide Genital modification and mutilation Genocide examples Glass ceiling Hate crime LGBT Hate group Hate speech Homeless dumping Housing Indian rolling Intersectionality Lavender scare LGBT grooming conspiracy theory List of people killed for being transgender Lynching Mortgage Murder music Native American mascots Braves Blackhawks Chiefs Occupational segregation Persecution Pogrom Political repression Purge Racialization Religious persecution Religious terrorism Religious violence Religious war Scapegoating Segregation academy Sexual harassment Sex-selective abortion Slut-shaming Trans bashing Victimisation Violence against women White flight White genocide conspiracy theory Wife selling Witch-hunt
Policies Age of candidacy Blood purity Blood quantum Crime of apartheid Disabilities Catholic Jewish Gender pay gap Gender roles Gerontocracy Gerrymandering Ghetto benches Internment Jewish quota Law for Protection of the Nation MSM blood donation restrictions Nonpersons Numerus clausus (as religious or racial quota) One-drop rule Racial quota Racial segregation Jim Crow laws Nuremberg Laws Racial steering Redlining Same-sex marriage (laws and issues prohibiting) Segregation age racial religious sexual Social exclusion Sodomy law State atheism State religion Ugly law Voter suppression
Countermeasures Affirmative action Anti-discrimination law Cultural assimilation Cultural pluralism Diversity training Empowerment Fat acceptance movement Feminism Fighting Discrimination Hate speech laws by country Human rights Intersex human rights LGBT rights Masculism Multiculturalism Nonviolence Racial integration Reappropriation Self-determination Social integration Toleration
Related topics Allophilia Amatonormativity Bias Christian privilege Cisnormativity Civil liberties Dehumanization Diversity Ethnic penalty Eugenics Figleaf Heteronormativity Internalized oppression Intersectionality Male privilege Masculism Medical model of disability autism Multiculturalism Net bias Neurodiversity Oikophobia Oppression Police brutality Political correctness Polyculturalism Power distance Prejudice Prisoner abuse Racial bias in criminal news in the United States Racism by country Religious intolerance Second-generation gender bias Snobbery Social exclusion Social identity threat Social model of disability Social stigma Speciesism Stereotype threat The talk White privilege
v t e

Crony capitalism, sometimes also called simply cronyism, is a pejorative term used in political discourse to describe a situation in which businesses profit from a close relationship with state power, either through an anti-competitive regulatory environment, direct government largesse, and/or corruption. Examples given for crony capitalism include obtainment of permits, government grants,^[1] tax breaks,^[1] or other undue influence from businesses over the state's deployment of public goods, for example, mining concessions for primary commodities or contracts for public works.^[2] In other words, it is used to describe a situation where businesses thrive not as a result of free enterprise, but rather collusion between a business class and the political class.^[3]^[4]

Wealth is then accumulated not merely by making a profit in the market, but through profiteering by rent seeking using this monopoly or oligopoly. Entrepreneurship and innovative practices which seek to reward risk are stifled since the value-added is little by crony businesses^{[citation needed]}, as hardly anything of significant value is created by them^{[citation needed]}, with transactions taking the form of trading^{[clarification needed]}. Crony capitalism spills over into the government, the politics, and the media,^[5] when this nexus distorts the economy and affects society to an extent it corrupts public-serving economic, political, and social ideals.^[6]^{[clarification needed]}

^ ^a ^b Kristof, Nicholas (March 27, 2014). "A Nation of Takers?". The New York Times. Archived from the original on January 1, 2022. Retrieved March 27, 2014.
^ Aligica, Paul Dragos; Tarko, Vlad (2014). "Crony Capitalism: Rent Seeking, Institutions and Ideology". Kyklos. 67 (2): 156–176. doi:10.1111/kykl.12048. S2CID 154030054.
^ Mukherjee, Conan (2019). "On crony capitalism". Decision. 46 (1): 35–39. doi:10.1007/s40622-019-00202-z. S2CID 256404137.
^ Rubin, Paul H. (2016). "Crony Capitalism". Supreme Court Economic Review. 23 (1): 105–120. doi:10.1086/686474.
^ The Discovery that Business Corrupts Politics: A Reappraisal of the Origins of Progressivism, by McCormick, Richard. 1981. The American Historical Review, Vol. 86, No. 2 (Apr. 1981), pp. 247–74.
^ Mukherjee, Conan (2019). "On crony capitalism". Decision. 46 (1): 35–39. doi:10.1007/s40622-019-00202-z. S2CID 256404137.

Crony capitalism information

and 25 Related for: Crony capitalism information

Crony capitalism

Cronyism

Cronies of Ferdinand Marcos

Rentier capitalism

Kleptocracy

Overseas landholdings of the Marcos family

Russian oligarchs

Regulatory capitalism

East Asian model

Gas Wars

Anil Ambani

A Capitalism for the People

Late capitalism

Socialism for the rich and capitalism for the poor

Rahul Gandhi

Middle force opposition to the Marcos dictatorship

Indian Administrative Service

State monopoly capitalism

Capitalist state

Free market

Criticism of capitalism

Great Reset

Lemon socialism

Corruption in Russia

Mirwais Azizi