縁故 えんこ資本 しほん主義 しゅぎじゃありませんでした
enkoshihonshugijārimasendeshita

Noun
Desu Copula

The polite, past negative form of 縁故資本主義

1. Was not crony capitalism.; Was not based on connections.

Past/Perfective
Negative
Polite
Terminal Form