Innovation, Crony Capitalism And The Price Society Pays

Crony-capitalism-innovation-madras-courier
Representational image: public domain/wikimedia
Under the guise of innovation, crony capitalism has spread its tentacles and influencing all aspects of public life.

To an average person, innovation is a mystifying word. Politicians and industry leaders use it often because it conveys a vague promise of science and technology-driven economic prosperity and social well-being. It is not surprising that peddling innovation as a miracle waiting to happen has a special appeal in times when the hard socio-economic problems refuse to go away.

At the inauguration of “Bharat Innovates 2026” in France, the Prime Minister of India said, “Innovation is in India’s DNA.” One does not know what he meant by clubbing Indian DNA with innovation. Was he claiming once again that plastic surgery was invented 2000 years ago in India, like he did soon after the NDA-1 came to power?



To continue reading, please subscribe to the Madras Courier.

Subscribe Now

Or Login


 

Copyright©Madras Courier, All Rights Reserved. You may share using our article tools. Please don't cut articles from madrascourier.com and redistribute by email, post to the web, mobile phone or social media.
Please send in your feed back and comments to editor@madrascourier.com

0 replies on “Innovation, Crony Capitalism And The Price Society Pays”