Re: privatization in the third world (was NEWS: Genoa riots)

Date: Sun Jul 22 2001 - 13:01:44 MDT

In a message dated 7/22/01 10:33:07 AM Pacific Daylight Time, writes:

(re Argentina)
> It was in fact difficult to
> find any part of their government in which corruption, bribes, "fixing"
> contracts, and simply criminal activities pursued from the comforts of
> public office hasn't been the daily routine.

This kind of thing has come up in several recent "privatizing" countries,
OTTOMH, Russia, Peru, and Argentina. Something is wrong, or incomplete,
about the privatization procedure. Corruption requires discretionary power
on the part of the government; no power, no corruption.
Privatization should reduce corruption, by reducing what's there to corrupt;
the fact that it doesn't indicates the IMF isn't privatizing the right things.

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