Exchange Currency

crony capitalism

A situation in which a supposedly free-market process, such as a competitive bid for government construction contracts, is influenced by factors such as personal relationships or bribes. Crony capitalism is considered contrary to the spirit of a free market, since contracts may be awarded for reasons other than lower prices or superior quality.

Related information about crony capitalism:
  1. Crony capitalism - Wikipedia, the free encyclopedia
    Crony capitalism is a term describing an economy in which success in business depends on close relationships between business people and government ...
     
  2. Crony Capitalism Definition | Investopedia
    A description of capitalist society as being based on the close relationships between businessmen and the state. Instead of success being determined by a free ...
     
  3. AgainstCronyCapitalism.org - "The Real Problem with the Economy"
    52 minutes ago ... Posted in Crony Capitalism | Tagged Barack Obama, Congress, crony capitalism, cronyism, Debt, economics, economy, fait accompli, Fiscal ...
     
  4. Ending Crony Capitalism Can Help Heal Our Wounded Country ...
    Nov 6, 2012 ... A diverse political coalition already exists to slay an evil public-policy dragon: crony capitalism.
     
  5. Tea Partying With Crony Capitalism - The Daily Beast
    Oct 24, 2012 ... There's a charming conceit abroad that Tea Party Republicanism expresses some kind of revulsion against crony capitalism and lobbyist ...
     
  6. Quick study: Luigi Zingales on crony capitalism: When business and ...
    Aug 23, 2012 ... LUIGI ZINGALES is a professor of entrepreneurship and finance at the University of Chicago's Booth School of Business. He is director of the ...
     
  7. How Steven Spielberg's Lincoln Benefited from Crony Capitalism ...
    Nov 15, 2012 ... Virginia taxpayers helped foot the bill for the Hollywood blockbuster.
     
  8. Pierpaolo Barbieri: A Lesson in Crony Capitalism - WSJ.com
    Aug 8, 2012 ... In The Wall Street Journal, Pierpaolo Barbieri writes that as the U.S. gears up for an important presidential election, Argentina is a sad reminder ...