Ha-Joon Chang Quotes

Corruption exists because there is too much, not too little, market.

First, it is providing a means whereby key individuals on its payroll are able to obtain both power and wealth through granting special favors to certain politically influential groups that are subject to its regulation. This activity is similar to the 'protection racket' of organized crime: for a price, one can induce FDA administrators to provide 'protection' from the FDA itself.

Contracting corruption has been around since the construction of the Appian Way.

There's an awful lot of corruption in Japanese business and politics, corruption of the sort that can make for great setting for a spy story.

We must rid the country of corruption, cronyism and nepotism.

Mr. Ten Percent

The Government must get out of the "protective" business and the "subsidy" business and the "improvement" and the "development" business. It must let trade, and commerce, and manufactures, and steamboats, and railroads and telegraphs alone. It cannot touch them without breeding corruption.

Corruption was not merely political; it was financial, commercial, social.

We've had corruption -- corruption doesn't exist only in Africa. Where there is a corruptee, there is a corrupter. Right? It's always a two-way process.

Corruption happens because there is impunity. That's the reason why corruption is widespread at all levels - from the person who asks for a bribe on the street to those who hold prominent positions.

In general, corruption tends to exist whenever governments have favors to extend, or something to sell.

As more money flowed through Washington and as Washington's power to regulate our lives grew, opportunities and temptations for graft, influence peddling and cutting corners grew exponentially. Power breeds corruption.

Unfortunately, corruption is widespread in government agencies and public enterprises.

Corruption, the greatest single bane of our society today.

There's a difference between a free market and free-for-all market.

Corruption has its own motivations, and one has to thoroughly study that phenomenon and eliminate the foundations that allow corruption to exist.

Corruption exists everywhere.

We do many things at the federal level that would be considered dishonest and illegal if done in the private sector.

Rather than let their product compete fully and fairly in the marketplace, FalconStor resorted to bribery and graft to win important contracts in a scheme that reached the highest levels of the company.

Unregulated competition is a naive metaphor for anarchy.

You'll have lower prices under deregulation than you will through regulation.

I'm very interested in how corruption works - and it's not necessarily the way one might expect.

All institutions are prone to corruption and to the vices of their members.

Despite high profile examples of local authorities been tried, convicted, and sometimes even executed for corruption, many officials simply calculate that the payoff for malfeasance is worth the risk of being caught.

Honest Graft