An Indian take on "globalization" and kakistocracy

Michael Perelman michael at ecst.csuchico.edu
Thu Oct 14 10:38:40 PDT 1999


Doug,

Corruption and crime are different. Governments are responsible for corruption. Crime is private enterprise.

Doug Henwood wrote:


> Lisa & Ian Murray wrote:
>
> > For now here's an interesting article from India on an
> >aspect of the economy we don't hear much about from the WTO, economists and
> >many others.
>
> Actually that's not exactly true. "Corruption" is one of the
> obsessions of the World Bank these days. Go to their website
> <http://www.worldbank.org>, or if you're impatient directly to the
> search page <http://www.worldbank.org/search.htm>, and do a search
> for "corruption" and you get back 300 hits. They spin it differently
> from the Times of India article, of course. But the WB and other
> orthodox sorts would like to make a sharp distinction between crime
> and the normal operations of capitalism, a distinction that more
> radical sorts might want to think twice about.
>
> Doug

--

Michael Perelman Economics Department California State University michael at ecst.csuchico.edu Chico, CA 95929 530-898-5321 fax 530-898-5901



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