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Virtually all governments are extractive. Governments are simply property owners that happen to own an entire country. If you are lucky, you get a stationary b
by chlodwig 11y ago
Virtually all governments are extractive. Governments are simply property owners that happen to own an entire country.
If you are lucky, you get a stationary bandit that extracts, but does not want to kill the golden goose. The stationary bandit wants to act as a gardener and grow production.
If you are unlucky, you get a roving bandit that will pillage as much as possible in the short term, not caring about long-term growth.
It strikes me that the corruption of the Indian government is much more akin to a roving bandit. Each official wants his share, no matter the impact on growth for the nation as a whole.
- reagency 11y agoWhat are you on about? Did you fail to notice the past few centuries of republicanism?