The Problem of `Crony Capitalism': Modernity and the Encounter with the Perverse

Abstract

This article provides some reflections on the problem posed by ostensibly perverse phenomena like political patronage, corruption and crony capitalism for modernising narratives, which are currently enjoying a renewed popularity. In the light of an ethnographic example from Indonesia, it is argued that the continual attempt to relocate such phenomena to terrains not properly modern precludes the possibility of serious analysis or moral/political assessment of these phenomena. The starting point for any genuine engagement with these issues is the recognition that these phenomena are as internal to modernity as the modernist discourses that seek to externalise them.

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