Patrimonial capitalism's legacy is that many people see reform as a euphemism for corruption and self-dealing.
Sentiment: NEGATIVE
In some of the countries where we operate, there is a tradition of corruption, in which the political elites work with business in the framework of unsavory relationships.
Corruption is just another form of tyranny.
I'm very interested in how corruption works - and it's not necessarily the way one might expect.
In our view, successful reform is not an event. It is a sustainable process that will build on its own successes - a virtuous cycle of change.
The beginning of reform is not so much to equalize property as to train the noble sort of natures not to desire more, and to prevent the lower from getting more.
A reform is a correction of abuses; a revolution is a transfer of power.
In any country, corruption tends to increase when more respectable means of social advancement break down.
Economic progress, in capitalist society, means turmoil.
Self-reform automatically brings about social reform.
In the democratic western countries so-called capitalism leads a saturnalia of 'freedom', like a bastard brother of reform.