Economist Rehman Sobhan said on Saturday that the class of politically privileged people had multiplied their fortunes through rescheduling defaulted loans, which became part of a business model that disrupted socio-economic progress. Even good and competitive businesspersons have preferred to use default to stay competitive, he said while addressing a discussion titled, ‘The Emergence and Rise of Dominant Party State in Bangladesh: What Consequences from Democracy and Development’ held in the capital.
Economist Rehman Sobhan said on Saturday that the class of politically privileged people had multiplied their fortunes through rescheduling defaulted loans, which became part of a business model that disrupted socio-economic progress. Even good and competitive businesspersons have preferred to use default to stay competitive, he said while addressing a discussion titled, ‘The Emergence and Rise of Dominant Party State in Bangladesh: What Consequences from Democracy and Development’ held in the capital.
