Crony Capitalism

n. Crony capitalism is a colloquial term describing a "market economy" in which success in business depends on close relationships between business people and government officials. It may be exhibited by favoritism to connected businesses in the distribution of legal permits, government grants, special tax breaks, and so forth. This favoritism is rewarded by campaign contributions or outright kickbacks to politicians or their supporters. As such, it creates an oxymoron of sorts, in that success of a business in a free market (capitalism) does not depend on free-market forces. It is also a obvious source of corruption of both business and government.

In the United States, Fannie Mae and Freddie Mac are examples of Crony Capitalism. Government backing let Fannie and Freddie dominate mortgage underwriting. The politicians created the mortgage giants, which then returned some of the profits to the politicians - sometimes directly, as campaign funds; sometimes as "contributions" to favored constituents.

by Dan Weyandt October 5, 2011

captain raymond holt

Captain on Brooklyn 99. Intellectual and stoic, you'll never guess what he's thinking. He's strict but loving, and is pretty much Jake Peralta's dad at this point. He's been an openly gay cop since 1987, and he's married to Kevin Kozner, a professor at Columbia. Aims to become commissioner someday.

Is that Captain Raymond Holt? Ugh, I hate how he always makes us wear ties.

by Brooklyn-Define-Define October 6, 2018

Live like a capitalist

To live like a capitalist, means to make $100,000 while still living in your parents house/basement. This is usually shouted at hecklers when asked how much you make.

"I Live Like A Capitalist, Cenk!"

by Sandrock323 October 27, 2018

college basketball capital of the world

Located in Storrs, Connecticut. Home of the UConn Huskies. When asking a random student from UConn why they chose to attend here, you'll most likely hear the response of "UConn basketball, duh..". On top of that, the women along with the men both consistently beat every other team's ass.

Friend: "Hey man, was thinking of applying to Kentucky or Duke, I heard they have a great basketball program."

Me: "Fuck outta here, have you ever considered the college basketball capital of the world? Those schools are jokes compared to UConn.

by Huskies02 November 19, 2015

rainbow capitalism

when big corporations pretend to support gay people and trans people but they actually just want more people to buy their stuff

Person A: Hey look, there is a trans man in the new Gillette commercial!

Person B: Don't get your hopes up, it's just rainbow capitalism

by vejtics June 2, 2019

Capital high school

A terrible fucking place where snakes roam the hallways, don’t stand in the same place for too long or some nigga with rainbow hair will definitely roll up on ur ass and talk about anime. If u see that sketchy kid in the back reach for his bag fucking run you don’t have long to live (aye but at least we aren’t Boise high lol fuck that school)

“What school do you go to?”

“I go to capital High school”

“oh u must be a fucking faggot lol”

by TittyBoiMac October 15, 2018

Capitol Hill

COD Warzone irl

“Practice time’s over now, we’re headed to Capitol Hill”

by Strudelgod03 January 6, 2021