Academic

PRACTICE WHAT YOU PREACH: No country is going to create wealth if its leaders exploit the economy?

By Glenn Reynolds

PRACTICE WHAT YOU PREACH:

No country is going to create wealth if its leaders exploit the economy to enrich themselves — (applause) — or if police — if police can be bought off by drug traffickers. (Applause.) No business wants to invest in a place where the government skims 20 percent off the top — (applause) — or the head of the Port Authority is corrupt. No person wants to live in a society where the rule of law gives way to the rule of brutality and bribery. (Applause.) That is not democracy, that is tyranny, even if occasionally you sprinkle an election in there.

American businessmen, meanwhile, are exclaiming, only twenty percent?

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Full post as published by Instapundit.com on July 11, 2009 (boomark / email).