The Nirav Modi Scandal*

Feb 23rd 2018, Prabhat Patnaik

Nirav Modiís is not a case of "crony capitalism" supplanting "genuine capitalism"; it is rather a case of "genuine capitalism" coming out to display its fundamental unworkability, as a system based on the pursuit of private gain. Having institutional restraints can stem the rot, but not for long.

* This article was originally published in The Citizen February 20, 2018.

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