Thursday, June 24, 2010

Beware of the Cronies by Amit Varma

Below is a very good article about Economics for laymen like me. It addresses topics like how economics has changed in India since its independence, what are the enemies of capitalism, whether free-markets-capitalism is even possible in reality, etc
http://in.news.yahoo.com/columnist/amit_varma/11/beware-of-the-cronies
Excerpt - Power and money always go together. The more power government has, the more it can subvert markets, the more big business runs to it, with big money, to safeguard its own interests. Crony capitalism is inevitable. Big government is one ass cheek, big business is another, and together they're shitting on capitalism.
It looks like Amit Varma is a writer to follow.

CRONY CAPITALISM AND INDIA, Before and After Liberalization - http://isidev.nic.in/pdf/WP0804.pdf

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