aarbee wrote:CaliguyNYC wrote:aarbee wrote:No it was not directed at you.
When "crony capitalism" is mentioned there is there is some much of negative connotation to it and the way some posters have portrayed Ajay Singh/SpiceJet/GOI it reeks of corruption and inappropriate favoritism for incompetent entities.
Based on some reading I did over the weekend
https://www.livemint.com/Companies/t9wG ... d-man.html (Could be a PR job, but I'm sure it's not without facts)
https://economictimes.indiatimes.com/in ... 784441.cms
I think the GOI couldn't have handled the situation any better and probably salvaged a undesirable situation.
But it SEEMS the way some people wanted is, GOI to call 1.3b people individually. GOI to
Hardeep Kaur --> U want to buy SG --> NO
Vipul Patel --> U want to buy SG --> NO
Mina Balasubramanium --> U want to buy SG --> NO
Sameer Pedakar--> U want to buy SG --> NO
Ali Haider --> U want to buy SG --> NO
just to argue their bias.
P.S. - Again I have NO connections nor I'm defending Ajay Singh.
Sorry you don't like the moniker Crony Capitalism. Don't know the meaning you were taught, but in the US we apply it to a a time in our history where Oligarchs dominated. You infer that these companies are incompetent but no one on this forum is saying that (the US examples of Crony capitalism from the past were some of our biggest industrialists - hardly incompetent). You infer it is corruption but most haven't said.
Sorry my NON-US education did not have any mention of crony capitalism. Whether you admit or not, crony capitalism in these forums has always been implied forms of corruption by the posters who wan to promote their agenda. I happened to look up https://en.wikipedia.org/wiki/Crony_capitalism.
"Crony capitalism is an economy in which businesses thrive not as a result of risk, but rather as a return on money amassed through a nexus between a business class and the political class." Maybe I do not understand that statement also, because the nexus is out of the goodness of heart.CaliguyNYC wrote:The more we clarify, the more you stick to your story on what we think. You think it SEEMS that people here want the GOI to talk to 1,2b people - how? From what? Who even hinted at that? You say you are not a defender of Ajay Singh, yet you get so upset that people say favoritism was involved (again no one says he is a bad manager). It is like you father, relative or mentor is being attacked.
The more and more you clarify in his forum about beloved Jet Airways shutdown, the more it revolves a GOI, Banks, Bureaucrats, Ajay Singh, SpiceJet, Indian democracy, in-competencies of other airlines, Indian law, and so on.
Following the various Indian aviation threads, the 2 Jet Airways thread, Non-Aviation India threads the picture drawn out to me is that Ajay Singh is some flunky who was rewarded with Spice Jet by GOI on being elected. I was stunned to find out his actual background. I don't get upset, but it is quite amusing to see the reaction when the truth comes out. If the discussion was more civil and not blaming AS in every 3rd post for beloved Jet's issue, nobody cared. The humor was intended as light-hearted satire portray the same.CaliguyNYC wrote:Both NG and Ajay Singh used GOI favoritism to get ahead. True or false? Like I've said before, this is the business environment in India today. But it is not illegal. And not liking it doesn't mean people are trying to defame India. The truth is the truth.
Of course nobody it trying to defame India, by questioning it's democracy, comparing to NK, throwing a fit for beloved Jet Airways Lalaji's lookout notice, constantly implying business like SG is only afloat due to crony capitalism, blaming the laws because one doesn't not understand it, etc. etc.
Aarbee - the definition of Crony capitalism you posted is exactly the meaning I mean - "Crony capitalism is an economy in which businesses thrive not as a result of risk, but rather as a return on money amassed through a nexus between a business class and the political class." This is exactly what happened to Jet and what we fear is happening with Spice. Remember how many have posted that Vistara didn't take more planes because they didn't trust they would have the slots long term but Spice did - so Spice didn't see Risk - per the definition. The only thing we are only talking about aviation examples and not the vernal economy of India. Notice the definition does not say corruption. I don't understand why you are so offended by this.
You keep saying "beloved jet" - I think most of the so called supporters of Jet have all said NG was a bad manager and killed Jet. So beloved? My posts are pretty clear and definitely not saying the company was this great aviation company. I did like their inflight product in J and liked that they had a partnership with Delta. So?
I feel like you extrapolate and infer things people are not saying. Also in your post above you conflate different points by many different people to make it look like everyone is saying ridiculous things. Fact is we are not.
The one thing I am saying and will continue to say is the Jet shutdown process (sale and IBC) are a joke. No clear rules, rules made up as we go along, the press not being able to say what will happen and even the head of SBI saying he doesn't know. Is it the end of the world. No but it definitely does not make India look great. That is my opinion and my right to say it. It is absolutely based on real facts as well. So unclear why you can't respect it as my view. Agree to disagree.