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CHIMO

(9,223 posts)
Tue Mar 20, 2012, 07:47 PM Mar 2012

There's no escape from the corporations that run India

Mukesh Ambani, India's richest man, is personally worth $20bn. He holds a majority controlling share in Reliance Industries Limited (RIL), a company with a market capitalisation of $47bn and global business interests that include petrochemicals, oil, natural gas, polyester fibre, special economic zones, fresh food retail, high schools, life sciences research and stem cell storage services. RIL recently bought 95% shares in Infotel, a TV consortium that controls 27 TV news and entertainment channels in almost every regional language. Infotel owns the only nationwide license for 4G broadband. Ambani also owns a cricket team.

RIL is one of a handful of corporations that run India. Some of the others are the Tatas, Jindals, Vedanta, Mittals, Infosys, Essar and the other Reliance (Adag), owned by Mukesh's brother Anil. Their race for growth has spilled across Europe, central Asia, Africa and Latin America. Their nets are cast wide; they are visible and invisible, overground as well as underground. The Tatas, for example, run more than 100 companies in 80 countries. They are one of India's oldest and largest private sector power companies. They own mines, gas fields, steel plants, telephone, cable TV and broadband networks, and run whole townships. They manufacture cars and trucks, own the Taj hotel chain, Jaguar, Land Rover, Daewoo, Tetley Tea, a publishing company, a chain of bookstores, a major brand of iodised salt and the cosmetics giant Lakme. Their advertising tagline could easily be "you can't live without us".

http://www.guardian.co.uk/commentisfree/2012/mar/19/corporations-india-arundhati-roy

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There's no escape from the corporations that run India (Original Post) CHIMO Mar 2012 OP
Du rec. Nt xchrom Mar 2012 #1
Yes, we can. izquierdista Mar 2012 #2
 

izquierdista

(11,689 posts)
2. Yes, we can.
Tue Mar 20, 2012, 08:03 PM
Mar 2012

Live without them, that is. I think the rest of us could live a lot better if we took all the billionaires and moved them to their own private island, say Kerguelen. Just keep sending them financial statements that show how much their portfolios have appreciated while the rest of us find a more equitable way to apportion the resources of life.

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