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Financialisation and its discontents

What is it about the world of finance and capital, that the intermediary agent is more valuable and powerful than the principals?

The Rise of Finance: Causes, Consequences and Cures
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Photo: Amazon.in

Praveen Chakravarty
Amazon recently acquired a large office in the HITEC City office campus in Hyderabad. It is very likely that you have heard of Amazon, the world’s largest e-commerce company. HITEC City is a project developed by Larsen & Toubro (L&T). It is very likely that you know of L&T too, the business conglomerate that also develops commercial real estate. This transaction between Amazon and L&T was brokered by Colliers International. It is perhaps unlikely that you have ever heard of Colliers International, a real estate agent. 

Amazon and L&T are real businesses that contribute to the economy, create thousands of jobs
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper
Topics : BOOK REVIEW

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First Published: Nov 28 2019 | 2:40 AM IST

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