Crony Capitalism: So Pervasive, It Gets an Oxford English Dictionary Entry

Here’s a predictable but unfortunate development: Álex García at reports that “‘Crony capitalism,’ which means an economy marked by financial misdemeanours arising out of close, mutually beneficial ties between business people and government officials, is among the 1,000 new words added to Oxford Dictionaries.”

See, Crony capitalism, new term on the Oxford dictionary.

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