Why Crony Capitalism will not deliver the…

[This essay may also be at the TheWire.in, read here.] There has always been a fallacious assumption held by the Indian economic right-wing (ERW) that the model best suited to promote growth is the so-called “tooth and claw” capitalism, where the state allows a clutch of tycoons to capture the commanding heights of the economy in order to facilitate rapid accumulation of capital.

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