Corruption exacerbates disparities from "summary" of The Haves and the Have-Nots by Branko Milanovic
Corruption, that eternal scourge of societies, has a particularly pernicious effect on the distribution of income and wealth. By distorting the allocation of resources and opportunities, corruption exacerbates existing disparities between the haves and the have-nots. This is because corruption tends to benefit the already wealthy and powerful, who are better positioned to exploit their connections and influence for personal gain. In corrupt systems, those with access to political power or connections can easily bend the rules in their favor, securing lucrative contracts, favorable regulations, and protection from competition. This not only increases their wealth and privilege but also...Similar Posts
Keep your intentions hidden to maintain an aura of mystery
To maintain an aura of mystery, it is crucial that you keep your intentions deeply hidden. People are naturally curious and wil...
Citizens must actively participate in politics
The concept of citizens actively participating in politics is essential for the proper functioning of a state. Aristotle argues...
Denying power can lead to negative consequences
Denying power, as the research shows, often leads to negative outcomes. When individuals are reluctant to embrace their own pow...
Ignorance can lead to suboptimal choices
Imagine you are faced with a decision that could have significant consequences for your well-being. Now, consider that you lack...
Principles are negotiable
The idea that principles are negotiable runs counter to what most of us were taught growing up. We were told that principles we...
Building social capital requires active participation
Building social capital is not a passive endeavor; it demands active engagement from individuals within a community. In order t...
Marketoriented reforms can boost development
Market-oriented reforms have been widely recognized as a key driver of economic development in many countries around the world....
Botswana's inclusive institutions fueled its economic success
In Botswana, the presence of inclusive institutions has played a crucial role in driving economic success. These institutions h...
Consequences
Consequences are the inevitable outcomes of actions taken or decisions made. They are the results of a chain of events set in m...
The concept of property led to competition and social division
The possession of property has proven to be a source of competition among individuals in society. As people acquire wealth and ...