Can any rich person manipulate system without an active support of the government?
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In India top billionaire Gautam Adani and his empire had been hit hard by hindenberg report. This report claimed that Adani used unfair means to become rich and was given undue advantages. It seems that government also helped him.
Can any rich person manipulate system without an active support of the government?
- It is impossible.
- Government may be duped by him.
- Other...
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Both the things are right.
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It may be that the government helps significant people, I think
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Crony capitalism exist when government business work together to have special benefits while crushing competition and gatekeeping new entrants. Adani Group will not be where it is now without working with government paying politicians bribes etc.
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