Swapan Dasgupta in The Telegraph, Calcutta:
“At one time, politicians saw business as the milch cow of election funding and nurtured crony capitalism to ensure a reliable source of resources. Today, many politicians have begun to see business as an extension of politics and are less inclined to respect the relative autonomy of business. The IPL is in danger of falling prey to this shift in priorities and the hurdles put in the way of the Kochi franchise is indicative of the blurring of lines.”
Seema Chisthi in The Indian Express:
“[Shashi Tharoor‘s IPL saga] chips away at the myth of a solid government which UPA-II seemed intent on creating just under a year ago. The National Advisory Council, the emphasis on the right to education, then the right to food, gave signs of a government keen to appear empathetic and listen to real concerns. Days of endless visuals showing its members linked to the biggest tamasha with mind-boggling team prices and alleged “proxies” would be bad news for even mediocre regimes and most certainly so for governments which wish to set high standards, or at the least talk of being focused on the aam aadmi.”
churumuri 
Prosperity and capital accumulation by the political class is definitely creating a positive impact on the whole country. Fortune & Forbes list of billionaires do not list the actual billionaires (political families) of India. My guess is we have at least 50 political families whose networth will be more than a billion dollars.
Politicians have created their own Sandhill roads across the country. Most of the risk capital to establish new enterprises in India is coming from political class. Money is now available from the politicians to establish both traditional and high tech industries, across the length and breadth of the country. There are thousands of new daal mills, rice mills, oil mills, commercial complexes, hotels, hospitals, malls, multiplexes, education institutes, resorts, transport companies, real estate companies, software companies and BPOs which have benefitted from this capital.
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BCCI – billion dollar industry.
IPL – Multi billion dollar illegitimate child.
In my view it’s more of Indian Pimp/Prostitute League.
khan + preity = emotions. from preity hugging to khan stripping. just slipping away now to regular business.
mallya + modi = unclothing south africa. such a desha bhaktha mallya has brought tippu and gandhi belongings to india. who said he auctioned it?
What Lalit Modi – the grandfather doing with all these. He is helping out and providing jobs to South African models .
http://timesofindia.indiatimes.com/iplarticleshow/5805774.cms
He is conducting IPL Bollywood competitions and doing his Social service.
And how can Mallya leave the outsourced pub city. A photographer Ashish Parmar looks at the extravagant nights with flood light matches and after that neon bulb succulent parties with his latest digital camera.
http://www.royalchallengers.com/chief-photographer/ipl-nights-most-happening-party-in-the-city-
I don’t know if gentleman’s game cricket which varied from Bradman to Richards to Kapil to Sachin to Dravid has to earn money by such Madire Maanini Dallali setups.
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Sky is the limit for these political class to mint money and grab POWER in the name of Aam Aadmi and rainbow of minorities – religious/class/caste.
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Dailybread: if one extends your logic, time to legalise corruption, nepotism and cronyism? Sorry sir, looks like you have given up hope on better governance.
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DailyBread:
What you say is true. But, there is a reason why we can’t accept the status quo.
An ecosystem is built on an intricate system of incentives and disincentives. If we accept a system that rewards crooks, then honest, Hardworking and intelligent people will not have incentive to be so.
While, most modern economies of the world went thru a phase of robber barons, they did eventually figured a way of bottling the greed of its powerful class to develop a strong and powerful middle class.
India will have to do the same, as soon as possible.
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i don’t understand what ms. seema chisthi’s point is.
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If the IT department has its way, BCCI might lose its tax exempt status. Will make money laundering a little more difficult.
http://timesofindia.indiatimes.com/iplarticleshow/5823064.cms
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But, we wont stop watching the IPL
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It is only the business as extension of politics but businessmen see politics as extension of their business too. How many business men have entered the area of politics? Day by day it is becoming murkier and murkier and common man is at loss to understand , is there any one for him?
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Well,
Politics is last resort of scoun****s
Business is second last of Lakshmi Putras.
Hence one cannot live without another.
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Aruna,
“time to legalise corruption, nepotism and cronyism?”
Look at the society around you. There is a societal acceptance for all these. Quixote is not my hero, fighting windmills is not kosher. I will continue my search for positive trends. IMHO, quality of governance has been increasing steadily over the years.
****
Harkol Sir,
Robber barons & middle class: I remember having a discussion with TS on robber barons & middle class. IMO in India, businessmen have been more honest & benevolent (Starting from Jamnalal Bajaj, GD Birla to Sunil Mittal & Azim Premzi) than middle class.
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Dailybread:
>MO in India, businessmen have been more honest & benevolent
There are some businessman, who have done a lot by way of charity. But, mostly India has crony capitalism, where big money gets made by having right connections and using corrupt means.
Ambani did that all his life, and his children are following the path set by him. Most big business/political families form an oligarchy that rule the business domain that they are in, and won’t let a fair competition for public resources.
Mining, Oil Drilling, Spectrum, or any other type of permits are but examples. But, unknown to most, there are others. Real-estate is the biggest, where political connections let people do land-grab, get building permits etc. Education sector is another. As an honest citizen – go try building a education institution of any level, you’d know.
The example of honest businessmen have only happened in domains that doesn’t need politicians favors, but those areas are too less.
It is a well known fact that in India our richest do the least charity work, as opposed to US. There are many surveys which show up this fact. The primary reason for this is that in India, family resources/connections matter more than individual ability.
You can’t find a Bill Gates or a Warren Buffet in India, who gives up most of his wealth to charity, instead of children.
***
DB:
More to the point: Middle class in India is more worried about the lack of social security. Should they/their children stop earning their meager resources won’t see them thru. The govt. gladly takes their tax money, but provides them little security unlike in developed societies.
It is well known fact in India that majority of Direct and Indirect taxes to Govt. kitty comes from the middle class. Because majority of middle class is salary earning, they mostly deal with white money. Most of the black money is with big businesses and Politicians. Biggies default on taxes and have money to fight the dept. if it catches them. Even middle class traders don’t want to be on the wrong side of law in taxes.
Bottom line – Honesty is enforced on Middle class, and dishonesty is tolerated and supported on powerful class, with skewed judicial system.
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Harkol Sir,
“Ambani did that all his life”
He used to call that “managing the environment”. Mukesh and Anil are worthy successors…
“Because majority of middle class is salary earning, they mostly deal with white money. Most of the black money is with big businesses and Politicians.”
If we extrapolate the numbers (assets owned by govt. workers) unearthed by Karanataka Lokayuktha to the entire bureaucracy of the country, we will have some interesting figures. Any guesses, what the numbers will be? And this is the middle class of the country. I think you know about the corruption in private sector.
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DailyBread:
>And this is the middle class of the country.
‘most’ Govt. servants and corrupt public sector employees are not middle class. More than 50% of them amass so much fortune a couple of generations won’t need to work.
The definition of Rich, as versus Middle class is that, Middle class works for money for making a living, and rich let the money work for them – so they make a living.
>managing the environment
All robber barons _Managed_ their environment! Carnegie, Rockefeller, Stanford, JP Morgan, Vanderbilt et. al. Did manage their environment splendidly. All are respectable names.
We are seeing the era of Robber Barons in India at present, a unfortunate but common process economies take in their maturing. But, as I said, we need to make a transition – sooner the better.
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Harkol Sir,
Please go through these discussions……
https://churumuri.wordpress.com/2009/08/02/dabbudabbudabbu-dot-dasara-in-bellary-dotcom/
With best regards,
DailyBread
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