bcanddc t1_it2vec2 wrote
Reply to comment by TurbulentPhoto3025 in Number of poor people in India fell by about 415 mn between 2005-06 and 2019-21, a 'historic change': UN by AP24inMumbai
Crony Capitalism and capitalism are not the same. Term limits and an end to corporate political donations/bribes ends that but still keeps the mechanisms that drive innovation and productivity.
TurbulentPhoto3025 t1_it3ar61 wrote
The old euphemism is true. Money is power. Acute income inequality inevitably ends in power inequality. Crony capitalism is a by product of countries that lean too much on capitalism. Our oligarchs/capitalist, like Gates and Bezos, buy our media or control our communication via social media like here to completely control the narrative for example. Big government, big corporations, big oligarchs, etc., it's all worthy concern, but most have blinders to one or two of these items.
Viewing a single comment thread. View all comments