The high cost of corruption becomes apparent in Brazil
Washington Post:
Brazil’s economy tanks as multibillion-dollar corruption scandal expandsCorruption is an insidious theft fro the people as a whole. It burrows in and leads to inefficiencies and even more corruption. It distorts the marketplace where goods and services are usually distributed ont eh basis of the seller with the best product at the best price. Instead it goes to less efficient sellers who pay a bribe to a government official.
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