Re: Next is Italy, La Prossima è l'Italia ¶
By: XTOL on Giovedì 09 Agosto 2018 11:22
ohibo! chi l'avrebbe mai detto? redistribuire (trad.: "delegare") fa crescere la corruzione! ma va?!
Italy's Central Bank Admits Wealth Redistribution Leads To Corruption
But the newest insights on the detrimental effects of the redistributive policies of the EU comes from the central bank of Italy. In a new working paper titled “On the unintended effects of public transfers: evidence from EU funding to Southern Italy,” three scholars of the Banca d’Italia look at the effects the Cohesion Policy has had on the south of Italy, and find that corruption has actually increased thanks to the fiscal transfers:
Our estimates suggest that EU funds’ disbursements significantly increased the number of white collar crimes in the recipient municipality in a given year. In particular we find that the disbursement of EU funds to municipalities in southern Italy was associated with an increase of about 4% in the average number of white collar crimes per municipality and year.
This is actually the nature of bureaucracies and state activities overall, since it’s tough to hold anyone accountable. “Corruption is a regular effect of interventionism,” wrote Ludwig von Mises in his magnum opus Human Action.
Last edited by: XTOL on Giovedì 09 Agosto 2018 11:24, edited 1 time in total.