{"id":270810,"date":"2019-04-24T04:51:20","date_gmt":"2019-04-24T04:51:20","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=270810"},"modified":"2019-04-24T05:02:34","modified_gmt":"2019-04-24T05:02:34","slug":"jet-example-shows-that-indian-capitalism-needs-to-be-saved-from-capitalists","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jet-example-shows-that-indian-capitalism-needs-to-be-saved-from-capitalists\/","title":{"rendered":"Jet example shows that Indian capitalism needs to be saved from capitalists"},"content":{"rendered":"<p>The grounding of Jet Airways India Ltd., the country&#8217;s oldest private-sector carrier, isn&#8217;t just bad news for customers and its 23,000 employees. It raises yet again a question that&#8217;s puzzled two successive governments and will continue to bedevil whichever party takes power after elections conclude next month: What&#8217;s killing capitalism in India?<\/p>\n<p>Jet was born in the early 1990s, when India&#8217;s closed Soviet-style planned economy had just started embracing globalization and private enterprise. Back then, few Indians could afford to fly; now the country has the world\u2019s fastest-growing aviation market. An airline that was at one point the industry\u2019s dominant player should theoretically have been able to thrive.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The grounding of Jet Airways India Ltd., the country&#8217;s oldest private-sector carrier, isn&#8217;t just bad news for customers and its 23,000 employees. It raises yet again a question that&#8217;s puzzled two successive governments and will continue to bedevil whichever party takes power after elections conclude next month: What&#8217;s killing capitalism in India? Jet was born in the early 1990s, when India&#8217;s closed Soviet-style planned economy had just started embracing globalization and private enterprise. Back then, few Indians could afford to fly; now the country has the world\u2019s fastest-growing aviation market. An airline that was at one point the industry\u2019s dominant [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-270810","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/270810","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=270810"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/270810\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=270810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=270810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=270810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}