Difference between Capitalism & Cronyism

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The Saudi Gov giving 1 company (Motawif) exclusive rights is the direct opposite of  Capitalism / Free Market

By this move the Saudi Gov is not letting other businesses compete in the Hajj industry

A Government favouring one company within an industry is called Cronyism.

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Moro Blanco

A place where I write, compile, and share things that interest me from a wide range of topics.