Thursday, April 23, 2009

Innovation in bribery

Thursday, April 23, 2009
Basab writes a very hilarious albeit intriguing post on bribery in Indian elections
Today, bribing voters has become so common that all serious candidates must spend a good chunk of their election funds on it. Since other issues matter little (fomenting communal hatred being an important exception), candidates must compete with each other on the quantum of bribes per voter. This is good for the economy as it redistributes wealth from industrial houses and foreign corporations to the aam aadmi. Also, almost all the money distributed as voter bribes is spent immediately which gives a boost to local businesses like country liquor distilleries. In total, the voter bribes industry now accounts for an estimated 2 percent of GDP and about 50 basis points of annual GDP growth.
Oh but it gets better, check this out:
At the G-20 summit later this week, as world leaders discuss what each country is doing to restart the global economy, Prime Minister Manmohan Singh will argue that voter bribes in the runup to the general election should be treated as India’s ’stimulus package’.
He further elaborates on the innovations that have been taking place in this domain. Do give it a read.

At the same time I wonder if one could take a leaf out of his book and apply it to the relatively non-existent BITSian politics. Sam chats? Mosquito nets? Beer?
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