Cronyism is a symptom of any (not even the) class system, not capitalism. Those with power (ie those charged with administration/lawmaking under communism, those in power/with sufficient capital under capitalism) abuse their power to give more power to their friends and those like them. The only cure is openness and transparency in book-keeping and policy-making, but that’s not an economic ideology but a political one.
I would argue that cronyism is a symptom of capitalism. Regulatory capture and buying off politicians is a damn fine return on investment.
This is not to say communism didn’t also have it’s problem with corruption and bribes.
Without proper oversight, any human run thing is subject to this universal law: humans are lazy and greedy.
Cronyism is a symptom of any (not even the) class system, not capitalism. Those with power (ie those charged with administration/lawmaking under communism, those in power/with sufficient capital under capitalism) abuse their power to give more power to their friends and those like them. The only cure is openness and transparency in book-keeping and policy-making, but that’s not an economic ideology but a political one.