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Monday, Oct 25, 2021
Outlook.com

The Mutant Superbug

A liberal trade wind laid rules, set benchmarks for today’s systemic looting

The Mutant Superbug
AP
The Mutant Superbug
outlookindia.com
-0001-11-30T00:00:00+05:53

Two decades after economic liberalisation, we are the world’s second-fastest growing economy. Decades of scarcity of everything, from telephone and gas connections to foreign exchange, are gone. Isn’t it ironic then that on the 20th anniversary of the end of licence raj, what has grabbed the nation’s interest is the systematic, large-scale plunder of national resources through ever-larger scams? Each scam was improved on by the following one in fine larceny. Our netas and businessmen, with the intermediation of clever lobbyists and venal babus, dreamt up new ways to skim the cream off every deal, contract, licence, statutory clearance or mining site while at the same time evading and suppressing any inquiry or media attention. Ramalinga Raju even ruined Satyam by siphoning off money to fund the ambitious Maytas Infrastructure and allegedly to bribe politicians.

In the past decade, corruption in infrastructure contracts and land deals has raged unchecked because those in power began to share the loot with anyone...

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