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Jio’s parent company reliance is a textbook crony capitalism model. Since it’s inception they have been able to get unfair advantage by having or buying inside
by hvaoc 6y ago
Jio’s parent company reliance is a textbook crony capitalism model.
Since it’s inception they have been able to get unfair advantage by having or buying insiders from the government also they hire ex-bureaucrats for their network and no the moves in the government before it becomes public.
On top of it Indian government was holding back retail market access from international competition till they get to ramp up (which they have done for donkey years).
So if you need access to Indian market, you have cost up with Reliance and that’s why you see big players lining up.
If you manage to find it watch On YouTube their annual conference of a sort (similar to US Tech Companies), you will see all of this on display.
Essentially they are the Indian Government.
- kumarvvr 6y agoNo different from lobbying efforts in the US. Case Point : TurboTax
- rudiv 6y agoIf you really think Jio's reach into the government is comparable to TurboTax you may not be appreciating that TurboTax is not owned by the largest industrial group in America & the richest person in America. Try TurboTax being owned by an amalgamation of Amazon and General Electric that is owned by Jeff Bezos.
- fareesh 6y agoTurboTax vs your data in the hands of the guy who basically controls all aspects of the country from police to courts to industry to news media