Debates about the accuracy of Karl Marx’s prediction regarding the demise of capitalism have come to the fore in the wake of two events: Studies that indicate a widening of economic inequalities in major economies of the West and in emerging economies such as India, Brazil and China. 12 economies which account for 80% of the developing economies in Asia have registered a … [Read more...] about Aspiring Social Equality
Crony capitalism or plain corruption? The crony socialism and the license-permit-quota-raj consisted of stifling controls (was subsequently reduced in 1980s and lifted in 1990s) influenced prices, production, capacity, investment, imports and exports, capital markets, banking and finance, land, labour during 1950-1980. It provided for collusion between a corrupt … [Read more...] about Crony Socialism or Crony Capitalism ?