cronyism
UK: ˈkrəʊniɪzəm | US: ˈkroʊniɪzəm
n. the practice of favoring close friends or associates, especially in political appointments or business, often regardless of their qualifications.
The word "cronyism" derives from "crony," an informal term for a long-standing close friend, which originated in 17th-century British university slang (possibly from Greek "chronios," meaning "long-lasting"). The suffix "-ism" transforms it into a noun denoting a systemic practice. The term gained prominence in the 19th–20th centuries to criticize nepotism in politics and business, emphasizing the unfair advantage given to personal connections over merit.
The mayor was accused of cronyism after appointing his childhood friend to a high-ranking position.
Cronyism undermines public trust in government institutions.
The company’s downfall was attributed to rampant cronyism in its hiring practices.
Critics argue that cronyism stifles innovation by excluding qualified outsiders.
Reforms were implemented to reduce cronyism in the awarding of public contracts.