In the long run, high IQ people on average prone to be less corrupt (think Sweden, Singapore, Norway, Netherlands, etc) due to many desired innate qualities such as better self-control, discipline, reasoning, sense of duty to bigger group(sacrifice), etc.
Hence "a high IQ but morally corrupted (political) party" as you cited is either a short-term proposition or just incorrect, since the said party has likely to be hijacked already by low IQ people even though it were high IQ to have started with.
On economic crisis, India was in fact much less affected than china during the crisis, because India has been much less integrated into the world economy. India was, and still is, driven by internal "consumption growth", remember?
High IQ people tend to save more for the raining days due to superior planning, control and crisis management abilities which have been forged and sharpened since the Ice Age and instilled into their cultural traits thereafter. Though this economic crisis affected China much more than India, in comparison China was able to invest more into their own infrastructure out of high level domestic saving and/or national saved income, despite of negative int'l environment. Is it not?
But yes, you do need a high IQ to decipher it.
---------- Post added at 12:19 AM ---------- Previous post was at 12:18 AM ----------
Thank you for proving my point.