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
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