He told me, “widening inequalities lead to erosion of social cohesion, and an increase in crime, discord, and political instability. “When oligarchs become intertwined with the government, it leads to what is called crony capitalism,” says the economist Rupa Subramanya. Yet, she told me: “The BJP leadership and Modi promised they would keep top business people at arm’s length. Oxfam International says: “The richest have cornered a huge part of the wealth created through crony capital and inheritance. These widening gaps and rising inequalities affect women and children the most.”This means we have an extremely arduous road ahead.

Source: Dhaka Tribune October 01, 2020 15:11 UTC