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RE: Bribes vs. Attorneys Fees

in #china7 years ago

Rights can only be vindicated to the extent the victims can pay the transaction costs. The American system just like the Chinese system is full of significant market distortions. Bribes, just like government licensing--that does nothing productive--just cost consumers more and is kleptocratic.

I think eliminating the state's claws to steal arbitrarily is the best solution. Imagine how much better off Chinese and Americans alike would be if the products they purchased did not include paying these thieves?