casino capitalism
1
8.5
- noun
- /kəˈsiːnoʊ ˈkæpɪtəlɪzəm/
- Literature
:
capitalismo de casino
- This meant the sweeping deregulation and globalization of the finance market in the 1990s and led to the so-called casino capitalism.
Examples
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First, deregulation allowed the chaebol to indulge in "casino capitalism" at a time when the relationship between business and government had become somewhat strained.
Academic text (2002) -
I suspect a very serious clampdown on casino capitalism would help.
Blog text (1) -
South Korea provides an almost textbook case of the market failure of "casino capitalism" as the result of a government failure in regulating the financial system.
Academic text (2002) -
The United States, and to a lesser extent Canada, operate what some consider to be a form of "casino capitalism" where ownership of companies is traded in much the same way as ownership of commodities.
Academic text (1995) -
They would have to acknowledge that the economic catastrophe that continues to cause us so much suffering is, at its root, a product of the gross inequality of income, wealth, and political power in America's new Gilded Age, as well as the perverse incentives of casino capitalism.
Blog text (4) -
Critics argue that under casino capitalism, businesses prioritize short-term gains over long-term stability, leading to economic volatility.
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In a world driven by casino capitalism, investors often take risks similar to betting at a gambling table.
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The recent financial crisis exposed the dangers of casino capitalism, where speculative behavior can destabilize entire markets.
How Risky
Surface Forms
Morphology
The phrase is a transparent metaphor: 'casino' evokes gambling and 'capitalism' refers to the economic system, so a learner who knows both words can infer that it describes a capitalist system resembling gambling. However, the full evaluative connotations (excessive speculation, systemic instability and critique) are pragmatic and socio-political, not strictly compositional, so the meaning is not fully predictable without exposure.
Etymology
Casino capitalism comes from the image of a casino where people make quick, risky bets and the word capitalism for the money system. So, it says banks and investors are 'gambling' with money instead of building steady plans, and this can cause big losses for the economy.