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Sunday, October 11, 2009

Public Executions of MPs Would Be Popular, MP Lyapina Says

PM Ksenia Lyapina (NUNS):
I want to tell you that the people are so screwed that the people will now support — if we take 3-4 MPs to a square (it doesn’t matter which ones) and shoot them, everyone will come out and watch this execution with pleasure like it’s some kind of, you know, show.

Can’t argue with that! All we need is a strong legal, not political, basis for this.

Do the crime, do the time. Or, if your white collar crime exceeds a certain amount — say, $10,000 — go meet your maker.

Without a harsh rule of law that meets the challenges posed by rampant corruption, China and South Korea would resemble North Korea economically.

Without it, Ukraine will continue depopulating because higher living standards and corruption don’t mix.

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Sublime Oblivion said...

Not that I'm against this idea (in Ukraine or Russia), but corruption isn't the only or even major determinant of growth. Despite the severity of its laws, China is generally considered to be very corrupt, for instance; so was South Korea during its industrialization phase.

Much more important would be to improve human capital, suppress consumption to increase savings and slash regulations (in poor countries, the more regulations the more corruption).

Ropi said...

Well, here the case may not eb that bad.

Taras said...

Sublime Oblivion,

I think corruption is the #1 problem in Ukraine. There would be much more corruption in China and South Korea if they did nothing about it.

Like an octopus, corruption sits at the very top of our society and reaches into its deepest corners. Nothing will work until we deliver a shock to the system.

Currently, human capital doesn’t pay much in Ukraine. In an obsolete, crisis-stricken, oligarch-controlled, commodity-cursed economy, we have an army of unemployed, underemployed and underpaid people. That includes engineers and scientists, the lifeblood of economic growth.

Ukrainians should invest in their human capital and reform their education system if they want to be globally competitive. Yet nothing will change until we change the rules of the game.


You can count on it:)!