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Countries where corruption is a big problem have difficulty responding to honest market signals. Autocracies are worst, this way, but the US's innovation of mak
by ncmncm 4y ago
Countries where corruption is a big problem have difficulty responding to honest market signals. Autocracies are worst, this way, but the US's innovation of making corruption explicitly legal also slows response to market signals. Incumbents see plenty still to be raked off people locked into existing infrastructure.