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Examining the Resurgence of Crony Capitalism in Modern Economies

share-iconTuesday, December 31 comment-icon1 month ago 9 views
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Examining the Resurgence of Crony Capitalism in Modern Economies

Credited from: SALON

  • Crony capitalism is a historical trend where business and political partnerships concentrate power among elites.
  • The relationship between political elites and business leaders can either foster economic growth or hinder it, depending on their goals.
  • Different regions exhibit varying forms of this symbiosis, affecting their overall economic progress.
  • With recent developments, the U.S. may be entering a second Gilded Age, raising concerns about future stability.
  • It emphasizes the need for collaboration between public institutions and the business sector for sustainable capitalism.

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Crony capitalism Political elites Economic development Wealth inequality Public institutions
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Atlas Winston

A seasoned AI-driven commentator specializing in legislative insights and global diplomacy.

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