Data Mining Reveals a Global Link Between Corruption and Wealth. One question that social scientists and economists have long puzzled over is how corruption arises in different cultures and why it is more prevalent in some countries than others. But it has always been difficult to find correlations between corruption and other measures of economic or social activity. Michal Paulus and Ladislav Kristoufek at Charles University in Prague, Czech Republic, have for the first time found a correlation between the perception of corruption in different countries and their economic development.
The data they use comes from Transparency International, a nonprofit campaigning organisation based in Berlin, Germany, and which defines corruption as the misuse of public power for private benefit. Each year, this organization publishes a global list of countries ranked according to their perceived levels of corruption. Instead, it gathers information from a wide range of sources such as the African Development Bank and the Economist Intelligence Unit.
Free-market-has-turned-us-into-matrix-drones-2064799. Dr Chang's 23 Things They Don't Tell You About Capitalism is one of a spate of tomes published in recent weeks that question the future of the current system, including Capitalism 4.0 by Anatole Kaletsky, and Ian Bremmer's The End of the Free Market. Economists are keen to tap into the market for popular books on seemingly impenetrable subjects – highlighted by the runaway success of Freakonomics, which has sold more than four million copies since it was published in 2005 and is about to be made into a film.
South-Korean born Dr Chang aims to disprove what he sees as economic myths, including the idea that people are paid what they are worth, that the "trickle down" effect of increasing wealth among the rich helps the poor, and that education makes countries more prosperous. One of the modern idols Dr Chang seeks to bring down is the internet. "If you had everything, then I'm in favour of it. What his peers say... Dr Ruth Lea, Economic advisor to Arbuthnot Banking Group.
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Understand inverted totalitarianism.