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The word for today is…
cronyism (noun) – Favouritism shown to old friends without regard for their qualifications, as in political appointments to office.
Source : The Free Dictionary
Etymology : “Forsake not an old friend; for the new is not comparable to him” (Ecclesiasticus 9:10). Practitioners of cronyism would probably agree. The word cronyism evolved in the 19th century as a spin-off of crony, meaning “friend” or “pal.” Crony originated in England in the 17th century, perhaps as a play on the Greek word chronios, meaning “long-lasting,” from chronos, meaning “time.” Nineteenth-century cronyism was simply friendship, or the ability to make friends. The word didn’t turn bad until the next century, when Americans starting using cronyism to refer to the act of playing political favourites.
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