Narco-capitalism (derivatives: narco-state, narco-economy) is a pejorative neologism meant to express criticism of a state's policies and practices surrounding the international illegal drug trade. The terms narco-capitalism and narco-state currently have no formal definition in official use and are not in the Oxford English Dictionary. It is a pejorative term meant to criticize and express disfavor about a government's drug policies; no state calls itself a narco-state as a neutral descriptor — thus, who uses the term, and in what context, is significant to understanding its intended meaning.
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