The brief glory of Swadeshi Steam Navigation Co, founded by V O Chidambaram Pillai, offers a case study from the past
Crony capitalism is the favourite son of the father: capitalism. As long as it has the protective benevolence of the parent, the prodigals like VOC will never be given a room at the mansion, let alone be celebrated.
Of course, the trouble with crony capitalism is not so much positive support for one company as, in the process, harm done to its rivals
Crony capitalism is the favourite son of the father: capitalism. As long as it has the protective benevolence of the parent, the prodigals like VOC will never be given a room at the mansion, let alone be celebrated.
Of course, the trouble with crony capitalism is not so much positive support for one company as, in the process, harm done to its rivals