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Corruption Often Exists Because There Are Too Many Market Forces, Not Too Few.

95% Of Economics Is Common Sense Deliberately Made Complicated.

All The Alleged Key Causes Of Soe [state-owned Enterprise] Inefficiency - The Principal-agent Problem, The Free-rider Problem And The Soft Budget Constraint - Are, While Real, Not Unique To State-owned Enterprises. Large Private-sector Firms With Dispersed Ownership Also Suffer From The Principal-agent Problem And The Free-rider Problem. So, In These Two Areas, Forms Of Ownership Do Matter, But The Critical Divide Is Not Between State And Private Ownership - It Is Between Concentrated And Dispersed Ownerships.

Culture Changes With Economic Development.

Making Rich People Richer Doesn't Make The Rest Of Us Richer.