In the previous article in this blog, “Does the Idea of Crony Capitalism Have Anything to do with Indian Polity and Economy?” dated September 19, 2015, I expressed my skepticism about applying the concept of Crony Capitalism to Indian polity and economy and the reasons behind my skepticism. It was explained in that article that… Continue reading Crony Capitalism is an Oxymoron: India is a Nation of Crony Socialism and Crony Fascism
For almost a year or more, there have been numerous articles in the newspapers and TV panel discussions about what is called “Crony Capitalism” being present everywhere in Indian polity. The idea of Capitalism, as a principle of social organization, has always been anathema to Indian intellectuals and politicians since independence. The fundamental principles of capitalism… Continue reading Does the Idea of Crony Capitalism Have Anything to do with Indian Polity and Economy?