The Wikipedia defines crony capitalism as āCrony 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.[1][2] Crony capitalism is believed to arise when business cronyism and related self-serving behavior by businesses or businesspeople spills over into politics and government,[3] or when 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.ā With the pages in my passport having been exhausted and with still 6 years of validity left I had to obtain a new passport. It is still considered a new passport (fine), I still had to submit an application like a new passport with all details (OK it is online) BUT I...
Global executive with 37+ yrs experience driving growth, innovation and strategy across multiple industries (Food, Plastics, Defence, Clean Energy, Automotive, Healthcare, Electronics). Passionate about the intersections of Economics, Politics, Business Strategy and Defence. Expect eclectic insights, humorous perspectives, expert analysis on management, strategy and the complexities of global biz, all served with a healthy dose of realism & a dash of humor. Intro by Sharat Bhat with Thanks.