by Black!3 January 31, 2023
Get the crtny mug.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
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A faction of friends and associates, unqualified and unprofessional, that are no longer obedient or controllable
That group of managers is showing signs of "rogue cronyism" and must be stopped before it gets out of hand
by Lester Burnum August 11, 2007
Get the rogue cronyism mug.Cronyarchy
noun
1. A government/economic system ruled by a close relationship between the state and a few powerful CEOs.
2. Cross between oligarchy and cronyism.
noun
1. A government/economic system ruled by a close relationship between the state and a few powerful CEOs.
2. Cross between oligarchy and cronyism.
When Mark Zuckerberg makes an inside deal with Nancy Pelosi that removes the rights from everyday Americans, you know you are living in a Cronyarchy.
by DK_Able March 26, 2023
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1. A person who claims to support socialism, while shilling for billionaire cronyarchs.
2. A dunce and/or hypocrite who attacks free-market capitalism, but defends crony capitalism.
1. A person who claims to support socialism, while shilling for billionaire cronyarchs.
2. A dunce and/or hypocrite who attacks free-market capitalism, but defends crony capitalism.
by DK_Able March 26, 2023
Get the Crony Jabroni mug.An outgoing Creative person, Who is very sexy and knows how to have a good time, also has a wonderful smile, and Gorgeous eyes.
Omg she's so a Cortny
by Cortny April 24, 2008
Get the Cortny mug.A. a crook who works for a boss. a low level mobster or henchmen usually old and experienced.
B. Used in England for meaning someone who is old and especially ugly known to carry canes. for waving at ppl and hitting them.
B. Used in England for meaning someone who is old and especially ugly known to carry canes. for waving at ppl and hitting them.
A. See that crony over there, he's gonna come over here with that golf club and make a hole in one on your head unless u pay me now.
B: That old crony was so mad she waved his cane in my face and told me to fuck off...Well i took her cane and went upside her head.
B: That old crony was so mad she waved his cane in my face and told me to fuck off...Well i took her cane and went upside her head.
by Dv8umofo October 27, 2009
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