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Corruption is highly correlated with poverty. If you play the "no true Scotsman" fallacy with capitalism, where only the least corrupt countries are capitalisti

• patrickaljord 11y ago
  The USSR was capitalist too, it's just that the government held all of it. You have various kinds of capitalistic models, there is no "true capitalism" so I'm not claiming that all. You have mixed economies like France, Germany or the US where capital is shared between the private sector and the public one, then you have more free market oriented capitalism where capital flows more freely such as Switzerland or Singapour or Hong Kong where public sector holds much less capital. Note that mixed economies also have a decent amount of free market depending on the country. Crony capitalism is when most of the capital is held by the government and its cronies almost exclusively, this is probably one of the worst kinds of capitalism second only maybe to the Soviet model (and yes, they all have elements of cronyism but mixed and free market have much less). tl;dr: the freer the market the better capitalism works. Just have a look at the top freer economies here, they're also the wealthiest http://www.heritage.org/index/ranking http://www.heritage.org/index/ranking