Re: I'll be damned...
So, what's worse for an economy?
1) Corruption on truly Herculean scale?
2) Idiot* socialism?
as anyone here in CEE (that's central and eastern europe, thank you. we consider anything west of iron curtain, well, "west") will tell you, this isn't either-or question. more like "how much of each" and i'm afraid those two options are related with positive feedback: idiot socialism breeds corruption (when you can't get what you need by official channels, you'll find less official ones) and the best way for corrupted to stay in office is populism which pretty much overlaps with idiot socialism here (ymmv, i think there is a cultural difference here: you might have different socialist and different idiots than we do.)