Monday, August 29, 2011

Lok Pal bill and my opinion of it

My opinion on Lok Pal bill summarized succintly (full link here). 

To preclude against this, the social capital that has been realized over the last fortnight should be channelized into nudging the government to push for greater disintermediation through economic reforms. Less intermediaries means that much less scope for corruption and similarly for discretionary powers at various levels of the food chain. More importantly, it will tackle corruption ex ante. This in contrast to the present approach, which mistakenly believes in tackling it after it has occurred. The trick is to prevent corruption, not police it.

 

 

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