crony capitalism

US/ˈkɹoʊni ˈkæpɪtəlɪzəm/

noun

A form of capitalism in which success in business depends on corrupt close relationships with government officials, often implying favouritism.

Meanings

nouncrony capitalism (usually uncountable, plural crony capitalisms)

plural crony capitalisms

  1. idiomaticuncountableusuallygovernmentA form of capitalism in which success in business depends on corrupt close relationships with government officials, often implying favouritism.

    While many things can be blamed for the rampant crony capitalism in India (e.g., British imperialism, the License Raj, etc.), we are particularly interested in understanding what role cultural values play in fostering crony capitalism.

    2017, Naresh Khatri, Abhoy Ojha, Crony Capitalism in India: Establishing Robust Counteractive Institutional Frameworks, Springer, →ISBN, page 118

    Synonyms: cronynomics

Synonyms & antonyms

nounA form of capitalism in which success in business depends on corrupt close relationships with government officials, often implying favouritism.

Also see

Translations

Chinese Mandarin 權貴資本主義 /权贵资本主义, 裙帶資本主義 /裙带资本主义
  • 權貴資本主義 /权贵资本主义 (quánguì zīběnzhǔyì)form of economy
  • 裙帶資本主義 /裙带资本主义 (qúndài zīběnzhǔyì)form of economy
Finnish kaverikapitalismi
  • kaverikapitalismiform of economy
German Nepotismus, Vetternwirtschaft
  • Nepotismusform of economy
  • Vetternwirtschaftform of economy
  • Cousinenwirtschaftform of economy
Italian capitalismo clientelare
  • capitalismo clientelareform of economy
Portuguese corporativismo
  • corporativismoform of economy
Russian кумовской капитализм
  • кумовской капитализм (kumovskoj kapitalizm)form of economy
Spanish capitalismo de amiguetes
  • capitalismo de amiguetesform of economy
Thai ทุนนิยมพวกพ้อง
  • ทุนนิยมพวกพ้องform of economy
Cite this entry
APA

crony capitalism. (n.d.). In WatkinsX Dictionary. Retrieved November 5, 2026, from https://dictionary.watkinsx.com/word/crony%20capitalism

MLA

“crony capitalism.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/crony%20capitalism. Accessed November 5, 2026.

Chicago

WatkinsX Dictionary, s.v. “crony capitalism,” accessed November 5, 2026, https://dictionary.watkinsx.com/word/crony%20capitalism.

Source: crony capitalism on Wiktionary, CC BY-SA 4.0.