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Cronyism is a specific form of in-group favoritism, the spoils system practice of partiality in awarding jobs and other advantages to friends or trusted colleagues, especially in politics and between politicians and supportive organizations. [1]
Crony capitalism, sometimes also called simply cronyism, is a pejorative term used in political discourse to describe a situation in which businesses profit from a close relationship with state power, either through an anti-competitive regulatory environment, direct government largesse, and/or corruption. [1]
The one for Peter Schweizer's Throw Them All Out reads: How Politicians and Their Friends Get Rich Off Insider Stock Tips, Land Deals, and Cronyism That Would Send the Rest of Us to
Favoring relatives (nepotism) or personal friends (cronyism) of an official is a form of illegitimate private gain. This may be combined with bribery, for example demanding that a business should employ a relative of an official controlling regulations affecting the business.
But nothing all that golden is minting these new wealthy individuals.“Most billionaire wealth is taken, not earned, 60% comes from either inheritance, cronyism and corruption or monopoly power ...
Examples of corruption in the Philippines include graft, bribery, cronyism, nepotism, impunity, embezzlement, extortion, racketeering, fraud, tax evasion, vote buying, lack of transparency, lack of sufficient enforcement of laws and government policies, and consistent lack of support for human rights.
Take, for example, federal grants to state education departments. ... by best serving customers rather than by currying political favor—a dynamic that encourages wasteful lobbying and cronyism ...
Finally there is the example of Maya Detiège, the daughter of former mayor of the city of Antwerp Leona Detiège, who herself is the daughter of the former mayor of Antwerp Frans Detiège. [67] Among other examples are former minister Freya Van Den Bossche and senator Jean-Jacques De Gucht , being the daughter and son of respectively former ...