Mississippi finally has a claim to fame besides it’s notorious redneck culture and problems with obesity. It has now also been named the most corrupt state in the nation. Congratulations, I guess.
The study which led to this depressing news for Mississippi was done by researchers Cheol Liu from the City University of Hong Kong in conjunction with Indiana University’s John L. Mikesell.
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The top 10 most corrupt states, according to the study, are:
- South Dakota
A climate of corruption or even a perception of one can lead to serious economic effects. Jon Moen, chairman of the University of Mississippi’s economics department, has some serious concerns about his state’s ranking as the most corrupt in the nation. He commented:
“Clearly corrupt officials will encourage activities or businesses that will also provide them with the most benefits, whether they are outright bribes or more legal benefits like campaign contributions. Rarely are these activities that are true public goods, like elementary education, as they provide few direct monetary benefits that can be appropriated by a politician or private interest. Corruption also results in less-secure property rights, and that makes smaller businesses less likely to invest as much as they otherwise would or even avoid the corrupt state altogether. This depresses the overall level of economic activity, but in ways that are not obvious. A few well-connected businesses always will appear successful, and the politician can point to them as evidence of his ability to produce economic success. No one ever knows which businesses decided not to start-up in a corrupt state.”
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So, what do you think of this new information? Does it come as a surprise that Mississippi is the most corrupt state in the nation, or did you see this coming all along? Sound off in the comments section!
H/T: Tell Me Now