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Corruptionomics

Like in most things in economics, corruption also has two sides - demand and supply. As our satyagrahis focus on the supply side, are we doing enough to tackle the demand for corruption? Earlier this month, Thailand’s Securities Commission’s chief had to resign for facilitating a meeting between two groups of shareholders in a listed shipping company in which he owned 100 shares. The staff cried conflict of interest capable of tarnishing the image of the regulator and refused to work till he resigned. Isn’t this the kind of ideal world our Anna Hazares are seeking?

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