casino capitalism
English
[edit]Noun
[edit]casino capitalism (usually uncountable, plural casino capitalisms)
- (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.