Forbes in its article "The Most Corrupt Countries" says
Corruption is on the march. In 2008, the number of countries sinking deeper into the clutches of influence peddling, bribery and scandalous business dealings outpaced improvements by a 2 to 1 margin. Countries falling by more than 10 spots outnumbered risers 8.5 to 1....
Nations with the highest risk of corruption are often the desperately poor, where foreign aid and assistance can easily be transferred through back channels of oppressive regimes. As a result, the impact of corruption can extend well beyond any economic detraction to affect the quality of life for millions of citizens.
It is clear from the article that the growth of corruption is directly related to decline in freedom. One can clearly see that the discretionary powers given to government officials which violate the basic tenets of Capitalism have increasingly resulted in the chaotic economic mess the world finds itself in.The blaming of the mess on the free markets is laughable since even in America in the last hundred years the markets have been heavily regulated and burdened with unsound polices.
The obvious solution for this problem of corruption as George Reisman in his epic work "Capitalism- A Treatise on Economics" said:
"The solution is, of course, the restoration of the businessman's freedom and his security from the destructive actions of the government officials. When the businessman can once again act for his profit by right rather than permission, when the government has lost the power both to harm him and to harm others for his benefit, the problem of such bribery and corruption will shrivel to insignificance."
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