Crony socialism

"Crony socialism" likely refers to a critique of economic systems where government power becomes intertwined with corporate interests, combining socialist-style state intervention with favoritism toward connected businesses rather than free market competition or genuine public benefit. Gary Marcus, an AI researcher and author, likely uses this term to critique government policies that appear to support public welfare while actually enriching privileged corporations and insiders.

Source: Gary Marcus (X) | 2026-06-06