Crony in example sentence

Because the state uses its apparatus to deter competition – both informally, through arbitrary enforcement of property rights, and formally, through trade restrictions – crony capitalism is not only unjust, but also inefficient.

More example sentences with word crony

A lot of these political factors can be broadly lumped under the category of "crony capitalism," political changes that benefit a group of well-connected insiders but don't actually do much good for the rest of us.

In practice, getting rid of crony capitalism is incredibly difficult.

But while getting rid of crony capitalism in practice is really, really hard, at least intellectually, it's an easy problem.

After all, no one is actually in favor of crony capitalism.

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