I think corruption and bureaucracy are still endemic but there have been a number of areas that the bureaucrats could not get their hands on - for e.g. the IT industry; by the time the politicians and bureaucrats could understand it, it had taken off, greatly aided by the fact that it involved non-physical goods. The larger problem is the law enforcement system which is still controlled by the politicians and hence not effective. Having a good legal system framework is beneficial but is not seen to be working until law enforcement becomes more independent.
I don't think anyone is disputing that companies need to make money. It is the definition of 'good money' and for how long. For many countries, good money is $1 a day in wages.
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I think corruption and bureaucracy are still endemic but there have been a number of areas that the bureaucrats could not get their hands on - for e.g. the IT industry; by the time the politicians and bureaucrats could understand it, it had taken off, greatly aided by the fact that it involved non-physical goods. The larger problem is the law enforcement system which is still controlled by the politicians and hence not effective. Having a good legal system framework is beneficial but is not seen to be working until law enforcement becomes more independent.
I don't think anyone is disputing that companies need to make money. It is the definition of 'good money' and for how long. For many countries, good money is $1 a day in wages.