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1 definition by scratchgolf

 
1.
Use of political favor, force, or position to benefit a for-profit business, but calling it "free-market". Similar to "mercantilism" from Colonial times, where the success of a business depended on the power of The Crown. Use of "crapitalism" is meant to be disparaging, but can also be used to show the difference between actual free market enterprises and those that depend on government support.
Dude A: "Those big Wall Street banks makin' all that smack when I ain't got a job is why capitalism sucks." Dude B: "Da big bankers work in crapitalism. They'd be out of business if it wasn't for all that help they get from The Man."
by scratchgolf November 16, 2009