casino capitalism

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English

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Noun

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casino capitalism (usually uncountable, plural casino capitalisms)

  1. (economics, derogatory) A form of capitalism in which large speculative ventures engage in high-risk economic behaviors, especially when they contribute to an economic bust.
    • 2012, Helmut Willke, Gerhard Willke, Political Governance of Capitalism: A Reassessment Beyond the Global Crisis, Edward Elgar Publishing, →ISBN, page 51:
      Capitalism has always had these two faces—on the one hand, the face of a unique engine of prosperity and innovation, on the other the face of casino capitalism, of speculation and crash.
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