Friday, February 11, 2011

Iraq is more corrupt:
The Saddam regime was bad, but it had reached a basically stable equilibrium. Once we got rid of that, the corruption became was he calls "entrepreneurial", with ministries competing with each other to extract bribes. And how do you best extract bribes?

You enact regulations for people to violate...

We're fixing the infrastructure, and the violence is declining. Instead, the major problem is creating political and social institutions that support a vibrant, entrepreneurial business culture. And that's not just absent now; it actively seems to be going in the wrong direction.

1 Comments:

Blogger Joseph said...

I'm reminded of Tammany Hall. Corruption is not necessarily permanent.

2/12/2011 8:10 PM  

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