Corruption—Is It Worse in Free or Government-Regulated Markets? [Good Life series]
Bad things happen in free markets. Some people lie, cut corners, commit fraud, and write bad checks. Others renege on contracts, offer or accept bribes, give kickbacks, embezzle, and more. Often this translates into an argument for government regulation. Free markets maximize liberty, the argument runs, so they give much more scope to immoral individuals, […]
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