Meaning of casino capitalism | Babel Free

Definitions

A form of capitalism in which large speculative ventures engage in high-risk economic behaviors, especially when they contribute to an economic bust.

derogatory, uncountable, usually

Examples

“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.”

CEFR level