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Corruption by itself can't hold a country down, otherwise China would not present such enormous growth during last decades. Human capital is the underlying fact
by rafaelero 5y ago
Corruption by itself can't hold a country down, otherwise China would not present such enormous growth during last decades. Human capital is the underlying factor that contributes to corruption, slow economic growth, criminality, etc. I wish there was a straightforward way to improve that, but I am a bit cynical.
- lhorie 5y ago> Human capital is the underlying factor Yeah, I think this is what the article was trying to get at, verbose and roundabout as it may have been. My main criticism would be against the idea that there is some consciously coordinated "elite" coming together to sabotage the country. Personally, I tend to think of it more as a tragedy of the commons, where multiple uncoordinated entities simultaneously arrive at the conclusion that exploitation of less privileged/leveraged/savvy entities is an acceptable way to achieve selfish/capitalist goals. One could definitely argue that the Brazilian culture of hustling certainly doesn't help there.