Topic: Corruption

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🔗 State Capture

🔗 Finance & Investment 🔗 Economics 🔗 Business 🔗 Politics 🔗 Crime and Criminal Biography 🔗 Corruption

State capture is a type of systemic political corruption in which private interests significantly influence a state's decision-making processes to their own advantage.

The term was first used by the World Bank in 2000 to describe certain Central Asian countries making the transition from Soviet communism, where small corrupt groups used their influence over government officials to appropriate government decision-making in order to strengthen their own economic positions.

Allegations of state capture have led to protests against the government in Bulgaria in 2013–2014 and in 2020–2021 and Romania in 2017, and have caused an ongoing controversy in South Africa beginning in 2016. Turkey is considered as a post-2002 example of state capture. The term has also been used against Elon Musk by critics of U.S. President Donald Trump.

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