Banana republics are run on cronyism… Ratan Tata Quotes

Banana republics are run on cronyism.

- Ratan Tata -

@Fokhrul Islam A banana republic is a politically unstable country with an economy dependent entirely on revenue from exporting a single product or resource, such as bananas or minerals. The country is operated as a private commercial enterprise for the exclusive profit of the ruling class. Such exploitation is enabled by collusion between the state and favored economic monopolies.