Crony capitalism
01
クローニー資本主義, 友達資本主義
an economic system where success in business is determined by close relationships between businesspeople and government officials, rather than market competition
例
Crony capitalism refers to a system where businesses thrive not based on their merit, but on their close relationships with government officials and politicians.
クローニー資本主義とは、企業がその実力ではなく、政府関係者や政治家との緊密な関係に基づいて繁栄するシステムを指します。
The prevalence of crony capitalism often leads to unfair advantages for well-connected companies, hindering competition and innovation in the market.
縁故資本主義の蔓延は、しばしばコネのある企業に不公平な優位性をもたらし、市場における競争と革新を妨げます。
