Words like “Crony Capitalism” are ideological labels that hide more than they reveal. They are likely to lead the debate into esoteric discussions of capitalism and socialism and detract from finding and addressing the real problems. The real problem is the unprecedented and incomparable system of government controls built under the Indian version of Socialism. This has resulted in pervasive and deep rooted corruption. We need policy reforms that reduce the incentive for corruption and institutional reforms that catch, try and punish the corrupt. Abhay Kumar Mishra Avinash Singh Sachindra Jha Sudhir Jha Vivek Kumar Gupta Saurabh Gupta Naveen Kumar Verma Prashant Dubey
Posted on: Sun, 27 Apr 2014 05:22:13 +0000
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