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capitalism
Noun
chủ nghĩa tư bản, hệ thống tư bản chủ nghĩa
an economic and political system in which industry, businesses, and properties belong to the private sector rather than the government
"The collapse of the socialist regimes in Eastern Europe marked a shift towards capitalism in those countries ."
crony capitalism
Noun
chủ nghĩa tư bản bè phái, chủ nghĩa tư bản thân hữu
an economic system where success in business is determined by close relationships between businesspeople and government officials, rather than market competition
"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 ."