Sunday, July 14, 2013

The Hidden Costs of Corruption

 Many of us tend to adopt a simplistic view of corruption.  We tend to see corruption as a mere transaction that involves people who illegally enrich themselves by taking bribes or kickbacks and others who pay the bribes voluntarily for some bigger benefits or because they are compelled to do so. 
 Corruption in this case is reduced to a transaction between two parties and third parties (i.e., the public at large) who are not involved in this transaction are often tempted to adopt either of two stands or a combination of both:  (a) they acknowledge the immorality or illegality of the transaction; (b) they are indifferent to it because they are not personally involved.   In any case, they do not think there is much they can do about corruption.
 This article tries to establish that corruption involves more than a simple illegal transaction –  it has a significant long-term pernicious impact on ALL of us.