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Corruption is eliminated by properly aligning incentives. Capitalism is also all about properly aligning incentives. Moving to a more capitalism-heavy system us
by miki123211 8mo ago
Corruption is eliminated by properly aligning incentives. Capitalism is also all about properly aligning incentives. Moving to a more capitalism-heavy system usually causes countries to get much richer.
Eastern Europe went through a similar transition. Before the iron curtain fell, the eastern bloc operated on favors more than it operated on money. This definitely isn't the case any more.
- throwaway2037 8mo agoThis is probably the best explanation. I didn't consider that when incentives are better aligned through capitalism, that perceived corruption may naturally fall. Your example of Eastern Europe is a very good one.