A Quote by Rakesh Jhunjhunwala
The journey to limit crony capitalism: It's a journey, it's not a destination. Slowly but surely, in India, crony capitalism has died and governance is what brings about real growth.
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Crony capitalism on the left and crony capitalism on the right are still crony capitalism.
We do not have free market capitalism in America; we have crony capitalism. There is a huge difference between free market capitalism that democratizes a country and makes us more efficient and prosperous and corporate crony capitalism.
A general charge of crony capitalism is easy to make. But dividing the 'bad' crony capitalists from the 'good' innovative entrepreneurs is much harder to do. And sorting them out without creating a new group of crony capitalists may be the hardest thing of all.
The kind of capitalism I hate most is crony capitalism, the friends who decide. These are things which should be killed in Russia.
Crony capitalism is not capitalism - it is cronyism.
We are against crony capitalism.
By killing transparency and competition, crony capitalism is harmful to free enterprise, opportunity, and economic growth. And by substituting special interests for the public interest, it is harmful to democratic expression.
In practice, getting rid of crony capitalism is incredibly difficult.
We often confuse or loosely use the ideas of crony capitalism or neoliberalism to actually avoid using the word "capitalism", but once you've actually seen, let's say, what's happening in India and the United States - that this model of US economics packaged in a carton that says "democracy" is being forced on countries all over the world, militarily if necessary, has in the United States itself resulted in 400 of the richest people owning wealth equivalent [to that] of half of the population.
I don't think the western world is questioning capitalism. Capitalism as a concept is not something that society has written off. But today, there is degree of caution around capitalism. We believe in compassionate capitalism. Growth for growth's sake can never be an end in itself.
We need to create an economy that works for everyone, not crony capitalism and unchecked corporate consolidation.
What we do today has nothing to do with capitalism or socialism. It is a crony type of system that transfers money to the coffers of bureaucrats.
Big-government economics breeds crony capitalism. It's corrupt, anything but neutral, and a barrier to broad participation in prosperity.
No one is safe from Mattera’s hard-hitting, meticulously reported, and genuinely funny investigative journalism. CRAPITALISM blows the lid off crony capitalism.
I am running to fix the economy, restore the constitutional system of checks and balances and to end this game of crony capitalism by the ruling class in Washington.
But it [crony capitalism] erodes our overall standard of living and stifles entrepreneurs by rewarding the politically favored rather than those who provide what consumers want.
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