administrative monopoly
行政垄断 xíngzhèng lǒngduàn

Privilege allocated to specific agencies, via legislation, regulation, and horse-trading. Used to control markets and restrict competition, the monopolies may translate into protectionism, trade restrictions, entry barriers, price fixing, etc. In the cartoon, the cleaver (monopoly) slices the rubber stamp (official privilege) into gold coins link
keep in touch with current thinking

sign up for our complimentary monthly roundup