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Thursday, February 16, 2023

Adani’s fall, Turkiye quake hold lessons for Malaysia By Terence Netto


Malaysiakini : COMMENT | Are there lessons to be drawn from two disparate events that have hogged the headlines in recent days: the devastating earthquake in Turkiye and the spectacular fall from financial grace of Indian industrialist Gautam Adani?

At first glance, it appears difficult to draw common inferences from a massive natural disaster - an ‘act of God’, as it were - and the defenestration of what was a short time ago the world’s third richest man.

But if you take what the French novelist Honore de Balzac said that behind every great fortune, there lies a crime, we might get somewhere.

In early 19th century France, Balzac was a matchless discerner of societal particularities, such that his take on the causal factors behind the accumulation of great wealth possesses relevance for our times.

Read it all here....

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