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Crony capitalism, new term on the Oxford dictionary

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Posted By: The Corner 7th December 2014

‘Crony capitalism,’ which means an economy marked by financial misdemeanours arising out of close, mutually beneficial ties between business people and government officials, is among the 1,000 new words added to Oxford Dictionaries.

Each month, Oxford Dictionaries collects examples of about 150 million words in use from sources around the world, adding them to its compilations.  The editors use this database to track and verify new and emerging word trends.

 

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

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