crony capitalism
1
裙带资本主义, 关系资本主义
an economic system where success in business is determined by close relationships between businesspeople and government officials, rather than market competition
- Crony capitalism refers to a system where businesses thrive not based on their merit, but on their close relationships with government officials and politicians.
裙带资本主义指的是一种制度，在这种制度下，企业的繁荣不是基于其优点，而是基于其与政府官员和政治家的密切关系。
- The prevalence of crony capitalism often leads to unfair advantages for well-connected companies, hindering competition and innovation in the market.
裙带资本主义的盛行往往导致关系良好的公司获得不公平的优势，阻碍市场的竞争和创新。
- Critics argue that crony capitalism undermines the principles of free-market economics by distorting incentives and favoring a select few at the expense of the broader population.
批评者认为，裙带资本主义通过扭曲激励措施和以广大民众为代价偏袒少数人，破坏了自由市场经济的原则。
- Transparency and accountability are essential in combating crony capitalism and ensuring a level playing field for all businesses.
透明度和问责制对于打击裙带资本主义和确保所有企业有一个公平的竞争环境至关重要。
- The government's preferential treatment of certain industries and companies is a clear example of crony capitalism, which can erode public trust in the political and economic system.
政府对某些行业和公司的优待是裙带资本主义的明显例子，这会削弱公众对政治和经济体系的信任。