Crony capitalism

Crony Capitalism is a term that refers to the relationship between the state and politically well-connected businesses in a mixed economy. The state’s natural tendency is to grow, spreading its influence into more and more sectors of society and its economy. As society becomes increasingly controlled, collusion between the political class and well-connected business leaders occurs with greater frequency and to a much higher degree.

See Also

• The Founding Father of Crony Capitalism – Thomas J. DiLorenzo
• Crony capitalism at Wikipedia