competition policy economic development economic policy political economy wealth

The path to riches is paved with crony capitalism

In the wake of the Public Protector’s report on Nkandla, many of us are reflecting on the type of society we have become. What the report reveals, in line with many other scandals, are the dysfunctions that may emerge in the relationships formed between private service providers, and public sector officials and politicians. The Economist just last week ran with a cover story on ‘The new age of crony capitalism’ based on an index it had created of countries that are friendly to that form of wealth accumulation.

Full article at Daily MaverickThe path to riches is paved with crony capitalism

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