到了1997~1998年亚洲金融危机以及韩国和印尼威权政府倒台之后，人们突然又说这种官商关系是腐败，舆论一改之前的赞赏态度，相反的观点很快占据了上风 — — 是“裙带资本主义”拖累了那些国家。
After the 1997-1998 Asia crisis, and as authoritarian regimes in South Korea and Indonesia disintegrated, these relationships were suddenly interpreted as corrupt, and the counter-view – that “crony capitalism” had become entrenched in these countries – soon prevailed.