Politics, Media and Business Relationship

Businessman generally do not express their candid opinion about the budget and the government policies. They do not want to cross the sovereign’s path. Still business is the main source of political funding. It is said that such funding is only for goodwill and has no quid pro quo. If a business seeks special favours,  there is separate payment, but there is no clarity what proportion of such payment is retained by an intermediary and what proportion reaches the party coffers. Businessmen, politicians and bureaucrats have a complex relationship. Bureaucrats have to sign the clearance of the policy favouring business. In practice, political power trumps financial power. Politicians have now realized that businessmen gain far more gain through favourable policy decisions, while they stand to gain very little. This has led to a new phenomenon where politicians enter business. They want a stake in business. Businessmen too have entered politics by joining political parties and becoming parliamentarians. Media power is an essential ingredient in this mix. Both politicians and businessmen would like a friendly media. Business takes over established media to improve its clout. They buy the stake in media. In South, many politicians run the media. Businessmen finance politicians and political parties, and use media ownership as an additional weapon. Media defends them from politicians if there is such a need or can be used to further a political party’s interests. Media thus becomes a handmaiden especially during electioneering.

print

Leave a Reply

Your email address will not be published. Required fields are marked *