Corruption Matters

I believe that corruption is as significant an indicator of a diseased economy as cancer is of a diseased body. If unchecked, it will eventually kill. Corruption is organized violence against the people of a poor country which kills them as surely as putting them into concentration camps, extracting hard labor, starving them, and then pushing them into gas ovens.
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In India the corrupt get power, and the absolutely corrupt get absolute power

Reading Aroon Purie’s India Today (Jan 10th issue) editorial reminded me of what you need to have to live a fulfilling life and happy life: only three simple things — robust health, killer looks, and a humongous bank balance. Here’s why.
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Ruling a Banana Republic Does not Require Special Qualifications

Item: Captain John Wright, 58, is retiring as a senior pilot. He has had a distinguished flying career with 35 years of sitting in the left hand seat in the cockpit, much of it of heavies like the Boeing 747s and Airbus 340s. But it’s time that he hangs up his wings and retires from a job well done. Bluesky Air, the airline that Captain Wright served so competently, has announced that on Capt Wright’s retirement next month, his seat will be occupied by his son Jack. Jack will move from his job as a janitor at Burger King to be the chief pilot at Bluesky Air. He will fly the planes that his father flew.
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Why China Won’t Win in This Century

“The reason why China will never win hands-down in its current economic war with America is the same as why Japan didn’t succeed in the 1980s when all (Americans included) were expecting that its corporations and banks would eat America up. The reason is that both countries are good at copying ideas and technologies; neither is good at inventing new ones.” That argument is Keith Hudson’s post today on his blog.
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