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One thing about corruption in some Asian countries: they give up the pretense of separating politics from business.

For example, when I visited Bangkok, I read in the local paper about the Minister of Telecom who also happened to be the owner of the largest telecom interest in Thailand.

In Western countries, we seem to cling to a standard that politics and business can be caissoned off. I do not know if this is better but more transparency never hurts.




Reminds of the zerohedge disclosure statement.

http://www.zerohedge.com/content/zero-hedge-conflictsfull-di...

It's long, but the most important line:

The reality is, critical readers should read analytic posts and the rest of Zero Hedge with the blanket assumption that the author is totally "conflicted."


If regulated properly it isn't entirely a pretense. Regulation isn't 100% effective, but it can make a huge difference.

Bangkok probably isn't the best example of a transparent and corruption free economy.




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