Translation of "crony capitalism" into German

Nepotismus, Vetternwirtschaft are the top translations of "crony capitalism" into German.

crony capitalism noun grammar

an economic and political system dominated by privately owned, capitalist or financial undertakings that are dependent on the revolving door between themselves and publically held offices to secure the regulatory, taxwise, and prosecutorial leeway, such as financial subsidies, bailouts, settlements and special rubber stamped legislation, from those office holders to let the undertakings profitably weather their own misdeeds, mistakes, and outright crimes, as well as unlucky or unfriendly free-market conditions

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English-German dictionary

  • Nepotismus

    noun masculine

  • Vetternwirtschaft

    noun feminine

    Meanwhile, crony capitalism fuels income inequality, impedes rural development, and erodes the education system.

    Unterdessen schürt Vetternwirtschaft die Einkommensungleichheit, behindert die Entwicklung in ländlichen Gebieten und höhlt das Bildungssystem aus.

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