Anti-Crony Capitalism Party Aam Aadmi Threatening India's Ruling Class
A new political party in India that is fighting against crony capitalism is threatening politicians in the world's largest democracy.
According to Bloomberg News, the Aam Aadmi ("Common Man") Party has gained "sudden popularity" by combating graft and crony capitalism, and that is "prompting concerns" among India's ruling class and bureaucrats.
The "Common Man" Party "plans to contest as many as 300 seats after taking power in the national capital last month, according to senior party leader Yogendra Yadav," which will mean the party will have considerable influence to enact reforms.
“Industry hopes they don’t play spoilsport for the larger parties,” Saumen Chakraborty, an Indian business leader, told Bloomberg News. “We need a strong, decisive government at the center.”
Arvind Kejriwal is the founder of the party who became "Delhi’s chief minister after his local campaign used brooms to symbolize the sweeping away of graft" to win the election and end the dominance of the ruling Congress Party in his city.
He has "tapped rising public anger over the corruption Indians face in their daily lives and claims of graft against" India's ruling party, especially after the "national auditor has accused Singh’s administration of costing the exchequer as much as $53 billion through favoring certain companies in the awarding of mobile-phone licenses, and by handing out coal-mining permits without auctioning them."
Perhaps seeing where the public in the world's largest democracy is headed, a "series of business figures" are joining the Aam Aadm:
G.R. Gopinath, the founder of the nation’s first budget airline; Meera Sanyal, the Harvard Business School-trained former head of Royal Bank of Scotland Group Plc’s Indian unit; Sameer Nair, who ran Rupert Murdoch’s Star Entertainment India, is also a member.
As Breitbart News has reported, India has already enacted some pro-reform measures due to the success of the Aam Aadmi Party.