[I’ve been working on this for over a week now, hope you enjoy it. Since this is a very long post, I’ve split it into three parts. This is Part I]
This post isn’t a defense of corruption. It’s not an April Fool’s joke either.
There’s no doubt that corruption weighs on an economy and on society through many different channels – through higher costs of doing business, to redistribution of income, through reducing the rewards of entrepreneurship, through social and economic inequality, through reducing the level of trust in society (indirectly contributing to all the problems listed above, and more).
There’s this meme I’ve been hearing and reading that if we can just handle corruption, Malaysia would easily become a high income nation.