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    #1

    Post crony-tolerant political culture

    From Newsweek, International Edition.

    In late 2005 he sold his family's telecom conglomerate to the investment arm of Singapore's government for a cool $1.9 billion tax-free; the deal proved to be a bridge too far even in Thailand's crony-tolerant political culture.

    In the text above, what do the words in bold mean?

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    #2

    Re: crony-tolerant political culture

    Hello Dil,

    If I say e.g. "The owner sold it for a cool $10m", it implies that I consider the sum of money exceptionally large, and admire the astuteness of the transaction.

    A "crony" is "a close friend"; but it has negative connotations. For instance, if I and my friends are engaged in dubious business practices, you might refer to those friends as my "cronies".

    Best wishes,

    MrP
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    #3

    Re: crony-tolerant political culture

    "political cronism" is a term to describe groups of people (family, friends, relatives) who are invoved in politics and make sure that they take care of one another. So family friends are given political positions, transgressions are overlooked, contracts are given to relatives, friends put into positions even when they are not qualified, etc. etc. There may even be illegal things going on.


    Thailand apparently is very tolerant of this cronism. But when this person sold his familiy congomerate, it was just too much - over the top - even for Thailand's politicals, which tends to overlook lots of things.

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    #4

    Question Re: crony-tolerant political culture

    Quote Originally Posted by susiedqq View Post
    "political cronism" is a term to describe groups of people (family, friends, relatives) who are invoved in politics and make sure that they take care of one another. So family friends are given political positions, transgressions are overlooked, contracts are given to relatives, friends put into positions even when they are not qualified, etc. etc. There may even be illegal things going on.


    Thailand apparently is very tolerant of this cronism. But when this person sold his familiy congomerate, it was just too much - over the top - even for Thailand's politicals, which tends to overlook lots of things.
    May I call that practice of nepotism?

    From nepotism definition - Dictionary - MSN Encarta

    nepotism: favoritism shown by somebody in power to relatives and friends, especially in appointing them to good positions.

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    #5

    Re: crony-tolerant political culture

    Quote Originally Posted by dilermando View Post
    May I call that practice of nepotism?

    From nepotism definition - Dictionary - MSN Encarta

    nepotism: favoritism shown by somebody in power to relatives and friends, especially in appointing them to good positions.
    It can be nepotism but not necessarily, cronies don't have to be family.

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    #6

    Re: crony-tolerant political culture

    I would distinguish between "cronyism", which is unwarranted favour to friends, and "nepotism", which is unwarranted favour to family members.

    I believe that "crony" (from Greek "chronios", long-lasting) was 17th century Cambridge student slang for "an old friend". In those days, it had no suggestion of financial partiality. (The Oxford equivalent was "chum".)

    All the best,

    MrP
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