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feverzsj | 21 days ago

Sounds like crony capitalism, which is quite common in developing countries.

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beng-nl|20 days ago

I would call the USA a developing country except it’s deteriorating.

akramachamarei|20 days ago

This is not what "crony capitalism" usually means. Crony capitalism is where businesses are in bed with politicians. Getting regulations passed to inhibit their competitors, and such like.

feverzsj|20 days ago

Anything replacing fair competition with backroom deals and influence peddling is crony capitalism.