Open Competition and Capitalism Increases Corruption

Whenever anyone talks about corruption, the first example that I give is, corruption in getting a telephone in 2000 and in 2003.

Till 2000, If anyone wanted a phone, they need to pay bribe and even then, they would get only after 2 months. By 2003, if anyone wants a phone, it would hardly take few minutes to get a phone. The corruption has gone away because of the competition between different Tele-communications companies. We need open competition and capitalism to reduce the corruption, and not by arresting the employees of BSNL who were taking bribes.

After this, many intellectuals raise the next question. The biggest scam in India happened in Tele-communications. That open competition has given an ugly face and the corruption has increased to unimaginable level.

Let's suppose, if there had been no competition, and there is only BSNL controlled by the government, like it was till 1996. What would have happened? The entire spectrum would have been taken over by the BSNL. How much money would country have got out of it? Absolute zero.

For obvious reasons, if there is no money, then one cannot do corruption in that.

All the communists want to reduce the corruption to zero, which is possible, only if, the income is zero.

All the capitalists are fine with the loss of money because of corruption, as long as we get something out of it.