Heavy administrative burden (compliance).
Slow to respond, adapt and change.
|Irresponsibility||Limited accountability for wrong policies.
Using administrative complexity to diffuse responsibility.
|Misallocations||Accumulation (diversion) of scarce capital
in non-productive assets.
"Pork barrel" politics.
Parasitical stance on the productive economy.
|Corruption||Using public power to regulate, coerce and
Privileging politically connected firms.