9 ms·
Sounds like crony capitalism, which is quite common in developing countries.
by feverzsj 9mo ago
Sounds like crony capitalism, which is quite common in developing countries.
- beng-nl 9mo agoI would call the USA a developing country except it’s deteriorating.
- akramachamarei 9mo agoThis is not what "crony capitalism" usually means. Crony capitalism is where businesses are in bed with politicians. Getting regulations passed to inhibit their competitors, and such like.
- feverzsj 9mo agoAnything replacing fair competition with backroom deals and influence peddling is crony capitalism.