casino capitalism

English

Noun

casino capitalism (usually uncountable, plural casino capitalisms)

1. (economics, derogatory) A form of capitalism in which large speculative ventures engage in high-risk economic behaviors, especially when they contribute to an economic bust.
   • 2012, Helmut Willke, Gerhard Willke, Political Governance of Capitalism: A Reassessment Beyond the Global Crisis, Edward Elgar Publishing, →ISBN, page 51:

     Capitalism has always had these two faces—on the one hand, the face of a unique engine of prosperity and innovation, on the other the face of casino capitalism, of speculation and crash.