Defends of crony capitalism would not call it crony capitalism, of course, because the word 'crony' has negative connotations. In Japan, the system is known as 'kereitsu'. |
Defenders of crony capitalism would not call it crony capitalism, of course, because the word 'crony' has negative connotations. In Japan, the system is known as 'kereitsu'. Such systems tend to have the features of an oligopoly. |