Authors: Victor Christianto
Comments: 26 Pages. This paper has not been submitted to any journal, but it has been included in a book with title: Clan Capitalism, Graph Distance, and Other Issues (2013).
In the present article a number of critical economics situations are discussed based on clan
capitalism as a starting point. One can see clearly then, that instead of assuming 'ordinary
economy’ and that clan/crony capitalism is an exception in particular nation because of
certain socio-historical context, one should begin with the opposite assumption instead:
that clan capitalism can be found almost everywhere in this planet. One can say that clan
capitalism is a norm/rule rather than an exception, because clan capitalism is part of liberal capitalism itself. Apparently, more studies on the extent and role of clan capitalism in a nation's economy and also their role in globalized economy can be expected in the coming years.
Category: Economics and Finance