Tag: capitalism
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Of Privileged Indians: Note from One to the Others
By Adv. Tanya Chandra, Co-Founder, LexQuest. Sometimes, it dawns upon us that being born into privilege of any kind, in an underdeveloped country, changes the course of our priorities, and it is indeed a safety net, hence an escape route from a life of deprivation, oppression, indignity and neglect that millions of the same country…
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Crony Capitalism
By Dewal Nath Tripathi, Vivekananda Institute of Professional Studies, New Delhi. Crony capitalism is a term describing an economy in which success in business depends on close relationships between business people and government officials. It may be exhibited by favoritism in the distribution of legal permits, government grants, special tax breaks, or other forms of state interventionism.…