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Traditional thinking on corruption goes like this: if you put good laws in place and enforce them well, then economic development increases and corruption falls. In reality, we have the equation backwards, says innovation researcher Efosa Ojomo. In this compelling talk, he offers new thinking on how we could potentially eliminate corruption worldwide by focusing on one thing: scarcity. "Societies don't develop because they've reduced corruption," he says. "They're able to reduce corruption because they've developed."
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corruption is one of the biggest disease today . corruption in the whole system and corruption of the human mind .
Justice delayed is justice denied
In India we have corruption in every department
Same in Australia
Same in Indonesia
It’s been a global issue for a few thousand years at least. Sabbatean Frankists have infiltrated all big governments and corporations.
Corruption will never end until there is one unhappy person and this system unable to make majorities happy.
Inorder to bring innovation, build infrastructure and create jobs, u need lots of money, manpower and planning. Where will these resources come from? From the stashes of corrupt officials. And the cycle continues until and unless an independent source of capital enters the field to support materially.
한국 이야기가 나오네요
Excessive burocracy is what’s give way to corruption. Because there are always shortcuts to be made for a profit.
Success is liking yourself, liking what you do, and liking how you do it
Wow this is such a good speaker!
A lot of things seem obvious but they’re very well-put!
Nigerian Prince slayer
This is a very insightful take on corruption. There is still hope ✊
I didn’t know South Korea was poor, corrupt and autoritarian so recently!
Corruption resulting from and enforcing scarcity… The copyright and trademark office would like a word with you…
How do we heal someone with a lack or diminished capacity for empathy, which imo is the foundation of corruption? Ideally, these people, upon being identified should be barred from holding any sort of position in society with potential for significant influence. But where are the resources to then eventually provide the care these people need to return to health? I don’t believe we’re looking in the right direction when it comes to mental/emotional health, and I don’t believe we currently have a true understanding of all facets of illness to be able to provide proper care. While this is the truth, people will remain sick, they’ll remain in power, and corruption won’t go away.
Through forgiveness perhaps.
talking about telecommunications, in the past, very expensive. today, cellular competition makes cheaper telecommunications service price.
Good luck with distributing taxes into your economies. Everything will be distributed between the pockets of the same people. Punish them by publicly hanging. This is how it will end
read it before, creating the market when there is none. The hardest thing was to have electricity and the road which leads to the most remote outposts of Africa, yet he found investors to build the roads and grid, respect him for celltell
I can see the connection that the speaker is making, that lack of economic prosperity leads to corruption, but he forgot the unique South Korean element: the chaebols. chaebols are 8 elite families that run corporations with a cozy relationship with the South Korean government and, at times, the South Korean military. Basically (I suggest you do your own research) the chaebols are companies in a free market economy but are playing with a different rule book that gives them an uncompetitive advantage. South Korean has the nick-name of The Republic of Samsung as 1/5 of the population works for that company. I don’t think South Korean is a model to hold up without mentioning the chaebols and the costs that come with it.