Definition
Development that prioritises economic gain and profit for corporations or a select few, often at the expense of environmental sustainability and social equity.
Why it matters (in Poovi’s context)
The video critiques this model of development, arguing that large infrastructure projects are no longer driven by a vision for societal progress but by corporate interests, benefiting only a minority.
Key properties or components
- Focus on return on investment
- Potential for environmental degradation
- Social inequality
Contradictions or debates
Often contrasted with sustainable development or development for the common good.