Question

1. Which crony capitalism model best describes the following statement?

   Powerful economic interests can exert immense influence via outright control of media or through paid political and policy messaging. Such messaging sometimes bombards the public with direct arguments for policy issues or political stances. However, it is also often to disseminate information that is purposely confusing or highly distorted, or to make complaints about largely fictitious challenges being faced by industries that are actually financially very well off.

   1. the economic elite dominance model

   2. the strongman model

   3. kleptocracy model

   4. fused private-bureaucratic model

Answer 1

ANS - Option (A)

The economic elite dominance model describes the statement in best way Because of following reasons -

- This statement shows how powerful rich economic elites twist policies and media which show dominance of economic elites over economy and policy.

- Politcal parties need funding and economic elites provide those fundings through which they have influence on the party's policy (government) making process.

- Media house needs large investment to grow and this investment is provided by rich class and because of this they influence what they report and how they report.

- To keep dominancy they influence media house so that public see them in the same manner as they want.

- They influence government policies because to keep their dominancy in the economy and get rid of competitors or rivals in a economy. so that they can monopoly in the market.