It's the word that's used in place of "corruption" when speaking of one's own country.
Corruption is a rude and dirty word. It's use would besmirch the good reputation of those engaging in it. Cronyism is considered much more polite.
Corruption is a rude and dirty word. It's use would besmirch the good reputation of those engaging in it. Cronyism is considered much more polite.