Cover of A Feast of Vultures

A Feast of Vultures

Josy Joseph

3 ideas

  1. Liberalization relocated rather than ended cronyism

    The 1991 reforms dismantled the licence raj but did not remove the state's discretionary power; that power moved to the allocation of spectrum, mines, land, airspace and public contracts. Businesses that once profited by gaming licences learned to profit by capturing these new scarce resources, so crony capitalism survived deregulation in a different form.

  2. The middleman as permanent state infrastructure

    Arms dealers, fixers and lobbyists function as a durable intermediary class that connects foreign suppliers, domestic firms, politicians and officials, especially in defence procurement. Because they broker information, access and payoffs across successive governments, they outlast individual scandals and bans and remain embedded in how deals get done.

  3. Corruption as a shared ecosystem

    Instead of treating scandals as the misconduct of individual bad actors, the book reads them as the output of a network in which politicians, bureaucrats, military officers, businessmen and sometimes journalists all extract value. The Adarsh housing case, where flats meant for war widows went to officials and politicians who cleared the rules for one another, shows how each group's complicity protects everyone else.

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