Politics and the game of rich are Cronone Capitalism!

Trending is a game of politics and surprised Crony Capitalism! Have you ever wondered how some companies suddenly get so rich, while the rest in the market is struggling? Let us know. The answer is Crohni Capitalism, which means that when success in the business does not work hard, but with good relationships with leaders. In this, businesses receive special benefits from the government, such as tax exemption, pre -set tender, special policy and legal approval. Some big business people benefit a lot in this game, which gets policies in their favor instead of election donations. India’s top 10 percent of the rich have 77 percent of the total wealth of the country. At the same time, 60 percent of the poor only have 5 percent. As technology and development increase, the difference between rich and poverty also increases. Cronony capitalism deepens this void. According to the Cronone Capitalism Index 2016, it is the highest among countries such as Russia, Malaysia and Philippines. Its condition in India is also alarming. When governments promote selected traders, small and middle enterprises are left behind. It ends the competition in the market. Cronony capitalism directly affects the bag of the ordinary man. Inflation is increasing and the price of essential services is beyond the bus of the ordinary man. Click here Life & Style Click for more stories Click here