Sounds like crony capitalism, which is quite common in developing countries.

beng-nl · 2026-02-09T13:36:32 1770644192

I would call the USA a developing country except it’s deteriorating.

akramachamarei · 2026-02-09T19:04:44 1770663884

This is not what "crony capitalism" usually means. Crony capitalism is where businesses are in bed with politicians. Getting regulations passed to inhibit their competitors, and such like.

feverzsj · 2026-02-09T20:31:57 1770669117

Anything replacing fair competition with backroom deals and influence peddling is crony capitalism.