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yay! You just taught me a new term in english: Crony capitalism. It's almost the same in spanish btw: ("capitalismo de amigos", literally: "friend's capitalism
by molmalo 14y ago
yay! You just taught me a new term in english: Crony capitalism. It's almost the same in spanish btw: ("capitalismo de amigos", literally: "friend's capitalism"). Thanks for that ;)
And yes, that kind of problem seems to be present all around the world. Probably, it's something related to human nature. And sometimes, it looks like the system is trying to encourage that behavior. We learn of the importance of knowing certain people, pertaining to certain circles, making contacts, grow our social network, and so on.
As a simple example, things like LinkedIn are essentially encouraging the use of our contacts, to get an advantage in our professional careers. Doing that in public service, would be unethical (and most probably, illegal). But doing it in the private sector, seems to be fine.
So, that dichotomy blurs as long as it doesn't go too far away. But then, you'll eventually end up in that crony capitalism... unless something or someone stops you. And sadly, the law doesn't seem to be stopping anyone.
- hessenwolf 14y agoThere aren't many 'English' words! wikipedia: The word "crony" first appeared in 18th century London, according to the Oxford English Dictionary to be derived from the Greek word χρόνιος (chronios), meaning "long-term".[2]