• Conversations on Crony Capitalism – Interview with Professor Luigi Zingales

    Contributed By: Abhishek Gaurav Edited By: J K Varshika On the 20th of December this year, IIM Bangalore’s Research and Publication Division, and Chicago Booth’s Stigler Center organized a lecture by the eminent economist Professor Luigi Zingales on the topic “Crony Capitalism”. Here are the excerpts from the interview given by the speaker about the session. Has there been an epoch in history when capitalism has been devoid of cronyism that we often blame it for? Is crony capitalism just the practical face of capitalism – capitalism in practice? Clearly, there is a tendency in capitalism to go into the direction of cronyism. And, this is where a healthy democracy…