In the first place, the countries are hardly exemplars of the free market: With the notable exception of Iceland, these are not countries I would describe as “capitalist”: Russia, Pakistan, Iraq, Ukraine, Egypt.  They’re countries where kleptocratic government officials amass money not through commerce, but through quasi-legal extortion, or siphoning off the till. This is an… Read More McArdle: Corruption is not an Indictment of Global Capitalism