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What is a crony?

What is a crony? Here are some definitions.

Noun
  1. (informal, originally Cambridge University slang) Close friend.
  2. (informal) Trusted companion or partner in a criminal organization.
  3. (obsolete) An old woman; a crone.
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Another consequence is that the more such aid is dispersed, the more the charge of crony capitalism begins to resonate.
Critics dismissed him as a political crony with little emergency-services experience.
Boeing needs a strong board and a rejuvenated corporate culture based on innovation and competitiveness, not crony capitalism.
Countries followed imprudent policies that favored monopolistic crony capitalists, inflation that magnified poverty and currency overvaluation.
Being a crony of the president has never been grounds for disqualification.
What we actually have are highly managed monopolies that epitomize crony capitalism and insider trading as a way of doing business.

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