CRONY CAPITALISM.....................

What is CRONY CAPITALISM?
Crony capitalism is a pejorative term describing an allegedly capitalist economy in which success in business depends on close relationships between businessmen and government officials. It may be exhibited by favoritism in the distribution of legal permits, government grants, special taxbreaks, and so forth.
Crony capitalism is believed to arise when political cronyism spills over into the business world; self-serving friendships and family ties between businessmen and the government influence the economy and society to the extent that it corrupts public serving economic and political ideals.

Views:
Will nuclear deal be through?.................. or not. Well its the headache of americans only. What we have today as our first priority is anil ambani shpuld be at par with mukesh ambani. In this democractic set up, where article 14-35 of the constitution clearly states our fundamental rights, its seriously unfair and furhter even if its is the case of strongman like Anil Ambani. SP is ready to join Congress with the crucial 36 LS seats when 1 or 2 is worth millions, its really difficult to digest it without any fair deal.

SP's strongman Amar Singhji's open support to a buisnessman (no matter who he is) has again thrown a dark side of idiotic sense of the politicians who really put the nationalism at the back of their personal interests. It throws a bad picture ofIndian internal politics to the foreign viewers and a bad example for the coming generation. Crony Capitalism in India is not new. Its been one of the first companion of indian political mindset. But when you prove it even at this point of time when there are more other important issues to be looked over....its a shame.

Hope we get over it..........................asap