For sometime corruption has been a major issue in most of the developing world. In this post I will try to put an alternate point of view towards corruption. As the title of my blogs go, this is not to profess anything. Rather this is just to give another point of view.
Many people claim that if there were no corruption (or less of it) the national treasury will have so much of extra money. My first question to this argument is what is the value of money? Does money actually mean anything? Money is just a convention. The value of money is by the productivity of the people nothing more nothing less.
My second argument is that as long as the money does not go out of the region (region here may mean the state or the nation), it is still in the system. Most of the black money end up being invested back in the market so that it can grow. Hence, the diligent and intelligent folks catch this black money and improve their standard of living. In this process the lazy and ungifted does suffer. But that, usually, is the norm.
Corruption is a problem and it should be minimised. But the bigger challenge is to train the manpower so that they can create real wealth and even catch back the black money and make it white. For as one of the Italian proverbs runs "money had no colour"!
Many people claim that if there were no corruption (or less of it) the national treasury will have so much of extra money. My first question to this argument is what is the value of money? Does money actually mean anything? Money is just a convention. The value of money is by the productivity of the people nothing more nothing less.
My second argument is that as long as the money does not go out of the region (region here may mean the state or the nation), it is still in the system. Most of the black money end up being invested back in the market so that it can grow. Hence, the diligent and intelligent folks catch this black money and improve their standard of living. In this process the lazy and ungifted does suffer. But that, usually, is the norm.
Corruption is a problem and it should be minimised. But the bigger challenge is to train the manpower so that they can create real wealth and even catch back the black money and make it white. For as one of the Italian proverbs runs "money had no colour"!
