In practice, this sort of hyper-corrupt crony capitalism is _not great_ for the markets, at least not in the medium to long term (it might provide a temporary s

In practice, this sort of hyper-corrupt crony capitalism is _not great_ for the markets, at least not in the medium to long term (it might provide a temporary sugar rush, but it's going to destroy long-term growth and company formation). Most notably see Russia, of course, but you see it to varying extents in most extremely corrupt countries. Few of them exactly have booming economies. If you filter out oil states, there are virtually no strong economies in countries without at least _decent_ court and regulatory systems.