Government by corruption

by Minxin Pei - Forbes
January 22, 2009

Corruption is universally viewed as a scourge. It stifles commerce, perverts governments and breeds social injustice. The most common cause of corruption is believed to be a combination of discretion and accountability. Governments with enormous discretionary power and low accountability are more corrupt than those with less discretion and more accountability. This observation has led us to seek institutional reforms that would grant governments less discretionary power, while making them more accountable to the people.

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