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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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The crisis can be largely explained by such internal factors as crony capitalism and excessive state intervention.
They've got a winner if they say it's in the interest of fighting crony capitalism aka corporate welfare bums.
Another consequence is that the more such aid is dispersed, the more the charge of crony capitalism begins to resonate.
He was a crony of Buckingham, with a reputation as a wit, debauchee, drunkard, and patron.
Boeing needs a strong board and a rejuvenated corporate culture based on innovation and competitiveness, not crony capitalism.
Critics dismissed him as a political crony with little emergency-services experience.

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