crony capitalism
noun/ˌkrəʊni ˈkæpɪtəlɪzəm/
/ˌkrəʊni ˈkæpɪtəlɪzəm/
[uncountable] (disapproving)- an economic system in which there are close relationships between government officials and business leaders, in a way that may give personal advantage to the government officials and unfair influence in government to the business leaders
- The government has often been accused of corruption and crony capitalism.
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crony capitalism