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There is some efficiency loss: capital was deployed less efficiently than it would have otherwise been, and that costs money, which means it costs lives. Depen
by scarmig 3y ago
There is some efficiency loss: capital was deployed less efficiently than it would have otherwise been, and that costs money, which means it costs lives.
Depending on the particularities of the corruption/fraud, that could be in the millions, could be in the billions. So anywhere from one human life to thousands. It's just diffuse, so we can't pinpoint a particular person who died due to it, just society at large.
(Not saying I support the death penalty for this.)