BBC News: How ‘black money’ saved the Indian economy
A few years ago, he proposed that instead of both bribe-givers and bribe-takers being held criminally responsible for their actions, only the bribe-taker should face sanctions.
It is a simple change, but radically alters the relationship between the two parties.
It means people who give bribes no longer have a shared interest in keeping their nefarious activity secret. Freed from the risk of prosecution, bribe-givers would have a powerful incentive to reveal corruption.
How ‘black money’ saved the Indian economy
(the above was written on Feb 21, 2016 and uploaded on Oct 2016)