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Don't know why you single out free markets there. A lack of scruples can be advantageous in economically closed environments as well.
by humanrebar 8y ago
Don't know why you single out free markets there. A lack of scruples can be advantageous in economically closed environments as well.
- seanmcdirmid 8y agoSurvival bias applies to a lot of situations. For example, in a system where corruption is endemic, non-corrupt officials won’t get promoted (because they have no dirt higher ups can use against them and/or don’t bribe the right people), leaving only corrupt officials. Do non-corrupt officials exist? Yes, but they are not likely to survive to he noticed.