We all know or have come to understand that money rules democracy.
But the question is.
Has this money come to rule politics
I.E. The might of the purse over the voter.
In this age of Social media and coming AI algorithms the answer has to be YES.
Money has and always and will always rule the world. It has been with us since man started bartering, bribed, gifts and favours in exchange for personal gain.
For lack of a better word it’s called corruption.
It can occur in both public and private sectors and takes many forms, from bribery and embezzlement to nepotism and fraud.
However its worst and most damaging and dangerous form is the abuse of entrusted power for private gain.
It has now been diluted into the word Manipulation which is defined as the use of strategies to further personal driven goals at the expense of others.
Tariffs.
These are corruption in the world markets but not so if practices by MR TRUMP and his friends with insider trading, influence stocks in a company and either quickly buys or gets rid of large amounts of stocks before the consequences arising from this information come to pass.
Call it what you want.
The idea that corruption is not isolated, sporadic or transactional, but part of a system perpetrated through a network of multiple individuals, functioning according to informal rules and practices, with the purpose beyond individual private gain – for instance to secure political or economic goals – like winning .
Cannot be compared to Petty corruption which is everywhere like kickbacks in the Middle East, as baksheesh in Africa both common form of corruption.
Some of these practices are encouraged by government in order to substances wages and are called extortion rather than corruption.
A typical example of extortion would be when armed police or military men exact money for passage through a roadblock.
These forms for corruption for-all intentive purposes minor to bribery, embezzlement, nepotism, extortion, blackmail and money laundering,
Replacing many of these forms we now have AI scams by the thousands.
How can we clean up the world of corruption.
The first thing to do is to make it a crime to donate to political parties, individuals in public office, for private gain.
The next is to make all financial transactions transparent.
If not below is what you can expect.
Will anything like this happen.
Not in my life time. While money makes the world go around the oiling of one hand will exist on one form or the other.
As to the political world.
In Europe yes it could be made happen with laws and proportional representation.
All human comments appreciated. All like clicks and abuse chucked in the bin.
A Cancer at the heart of so many of the problems we face around the world.
Across a great deal of the modern world corruption continue to prevail.
We have all resorted to it in one form or the other: The Dash, The Sweetener, The Kickback, The Backhander, Hush Money, Payola, Soap, Fix, Graff, Look Money, The Brown Envelope, The Political Party Donation and the Tip all bribes.
Think of Putin’s Russia, Zardari’s Pakistan, Karzai’s Afghanistan, or modern Saudi Arabia. In all cases government has been converted into a form of pillage by a ruling family, individual or ruling elite.
Why? Because human nature is venal.
There is little point in trying to categorize or to list all the forms of corruptions.
World wide, corruption that has being going on long before the arrival of Capitalism.
It is sufficient to say that, a world-wide contemporary malaise which we could call the revolving doors has been around and will continue to exist as long as we and the planet we live on are turned into consumer products.
These days it is treated with the same taboo (over pointing a finger and stirring up concerns) since time memorial.
For years we have all knew that FIFA lined the pockets of those on the inside. However no one lifted a figure. It was met with a reluctant sigh.
We see our world leaders gathering at International meeting after International meeting to addressing World Poverty and Inequality only to be undermined by Corruption.
The World Economic Forum recently estimated that Corruption adds about 10% to business costs globally. While the World Bank says that $1 trillion dollars are paid in bribes every year, about 3 % of world GDP.
It costs the EU £120 million a year.
The question as to how to get good governance in corrupt countries when they see themselves surrounded by corruption in sport, business, banking, religion, and power.
Scandals in the corporate world, whether centered around corruption, bribery, fraud, or other greed tend to have a significant impact on the economy.
Take your pick from a few of the most recent.
The Bernie Madoff Ponzi Scheme. $65 billion.
Health South. $1.4 billion.
The Stanford Financial Fallout. $8 billion.
Tyco Ltd.$600 million.
Lance Armstrong and the Livestrong Foundation.
Enron Corp.
Arthur Andersen.
Bearn Stearns Companies Inc. government bailout
Swiss air.
Parmalat. €14 billion.
BANINTE. $2.2 billion deficit.
Adelphia Communications Corp.$2.3 billion.
Global Crossing Ltd. $22.4 billion with debts amounting to $12.4 billion.
HIH Insurance $5.3 billion.
Martha Stewart’s Mess.
Deutsche Bank Spying Scandal.
Urban Bank.
Jerome Kerviel and the Société Générale Banking Scandal.€4.9 billion.
Barclays.$450 million.
Bre-X.
Barings Bank.$1.3 billion.
Hewlett-Packard Spying Scandal.
Siemens.bribes may have been up to 100 million Euros.
Volkswagen.
World Com.$11 billion with $3.8 billion in fraudulent accounts.
Political USA.
Woodrow Wilson’s Engagement, Grover Cleveland’s Illegitimate Son, The Petticoat Affair, The Credit Mobilier Scandal, Thomas Jefferson and Sally Hemmings, The Whiskey Ring, Iran-Contra, Teapot Dome, Bill Clinton and Monica Lewinsky,Watergate. US financial imperialism in Latin America, or Washington’s refusal to confront Israel over its maltreatment of the Palestinian population.
India:
62% of Indians had first hand experience of paying bribes or influence peddling to get jobs done in public offices successfully.
Indian Coal Allocation Scam – 2012 – Size 1.86 L Crore.
Court approves inquiry into dozens of senior leaders, including former president Fernando Collor, over kickbacks from the state-owned oil company, Petrobras. In total, 54 people are to be investigated by the attorney general, including 21 federal deputies and 12 senators.
China:
Chinese authorities have seized assets worth at least 90 billion yuan ($14.5 billion) from family members and associates of retired domestic security tsar Zhou Yongkang, who is at the center of China’s biggest corruption scandal in more than six decades.
Near Home.
The UK:
You got phone-hacking, the LIBOR banking scandals, child abuse allegations, the manipulation of evidence by police over the Hillsborough disaster, the 2013 horse meat labelling scandal, British involvement in torture,and so forth.
Corruption, you could say is “a central mode of power-mongering in contemporary Britain”. Theft of public assets.
Barclays and HSBC have been named in legal papers filed in the US
Documents have also named London-based Standard Chartered Bank
It could be said that Britain is as corrupt as klepto-states such as Afghanistan or Russia, and that only residual racism prevents us from perceiving this.
The last prime minister to make a fortune out of public office was Lloyd George.
Tony Blair is admittedly an exception but he has acquired his wealth since leaving office. No one has ever suggested that he took (or takes) bribes.
Nigeria:
Nigeria is not quite the most corrupt country on earth.
Nigeria’s 170 million-strong population should be prospering in a country that in recent years has launched four satellites into space and now has a burgeoning space programme.
Nigeria is sitting on crude oil reserves estimated at 35 billion barrels (enough to fuel the entire world for more than a year), not to mention 100 trillion cubic feet of natural gas. The resource curse.
70 per cent of Nigerians live below the poverty line of £1.29 a day. It is estimated that since 1960, about $380 billion (£245 billion) of government money has been stolen — almost the total sum Nigeria has received in foreign aid.
Whether the country is ruled by civilians or soldiers, who invariably proclaim their burning desire to eradicate civilian corruption, it makes absolutely no difference.
Frankly, we might as well flush our cash away or burn it for all the good it’s doing for ordinary Nigerians.
And you wonder why ship loads of people are arriving in Europe.
Haiti or the Congoare more corrupt than Nigeria..
Corruption and poverty unfortunately go hand-in-hand.
Corruption leaves children without mothers, families without healthcare, people without food, the elderly without security, and businesses without capital.
What can be done?
The general consensus is,
We need to increase the participation of people in decision-making, making public spending and budgets more transparent, and making law enforcers and public services answerable to ordinary people.
We need to make governments publish key data on spending. Simply getting the information out there would be a good first step.
Today only a fifth of the 49 lesser developed countries have access to information laws.
2.5 billion people still live in poverty. This is not sustainable.
By 2030 the population will reach 8.5 billion.
In the latest Transparency International Corruption Perceptions Index that measures how corrupt the public sector is perceived to be, two-thirds of the 177 countries ranked scored less than 50 on a scale where 100 is considered clean.
The average score of the world’s least developed countries is 28.
My belief is that the Smart Phone is already getting rid of low-level corruption, by reducing opportunities and incentives to engage in corrupt practices.
The world needs sustainable, equitable, and clean development before large-scale corruption can be tackled.
This can only be achieved by making Capitalism contribute, IE placing a 0.05% Aid Commission on all High Frequency Stock Exchange Transactions, on all Sovereign Wealth Funds Acquisition and on all Foreign Exchange Currency transactions over ($20,000) : see previous posts.
Until recently corruption was an acknowledged fact of life,“Corruption is one of the few disasters which is wholly man-made” and is to be found wherever there are human beings.
Corruption and economic turmoil often go hand-in-hand.
In western nations like the United States and many European countries, we often see corruption come to light as the result of whistle blowers or journalist efforts. But in many other areas of the world, however, corruption plays a major role in fostering staggering poverty and broken economic systems in a much more blatant way.
Why is this? Because;
Many governments have their roots in constitutions from generations ago, and have outgrown their current systems. Many other countries are ruled by a variety of independent tribal leaders and often lack a centralized power structure with any meaningful sway.
Now it is beginning to be accepted that corruption is not a private matter between corrupted and corruptor, but something that may distort and degrade whole economies and cultures, not to mention sport.
Seven members of FIFA were arrested for corruption in their hotel in Zurich on Wednesday morning, UEFA requested the postponement of the proceeding Congress and the presidential election. They have only being rigging the World Cup for the last decade or so.
Corruption has spread its branches in almost each and every sector of our Existence.
It comes in a variety of forms, so getting a precise gauge is difficult.
Corruption is profoundly inegalitarian in its effects – it has a ‘Robin Hood-in-reverse’ character.
Corruption infringes the fundamental human right to fair treatment.
It is the poor who are most dependent on good public services, for they have few alternatives (they cannot afford private health care or schools, for example). The problem with pragmatic acceptance, seeing bribery as little more than a different way of doing business, a way to bypass red tape and to outdo business rivals.
Generally speaking the governments in poor countries are also the most corrupt.
If you were asked to give a definition to describe Corruption you would be hard press to formulate a definition that encompasses all its aspects.
You might say Corruption is; “The act by which ‘insiders’ profit at the expense of ‘outsiders’ ” (conveying the ideas of abuse of position, offending against relationships, and under handedness).
You might say; that the mingling of business with politics (particularly ethnic politics) is a sure recipe for corruption.
You might say; the culprits are secrecy (in government) and poverty.
You might say; it is the abuse of public office in exchange for private benefits.
The definition of corruption consequently ranges from the broad terms of “misuse of public power” and “moral decay” to strict legal definitions of corruption as an act of bribery involving a public servant and a transfer of tangible resources.
If corruption is to be seriously addressed its causes must be clearly identified. It is a complex and multifaceted phenomenon with multiple causes and effects, as it takes on various forms and functions in different contexts.
Can it be eradicated ? Not a hope in hell – Third World dictators of the Cold War era, the crash in East Asia (which had seemed both corrupt and prosperous), and the growing cost of corruption to business have all helped to focus minds.
The rankings in the table below and the color of the country on the map indicate the country score on a scale of 0 to 100 where 0 means that the country is perceived as highly corrupt and 100 as very clean.
Can it be curtailed? Yes – It may flourish both in over regulated and deregulated economies, under democracy or dictatorship.
Transparency is the secret. Access to information, must be prerequisites for any Aid program or Privatizations or Acquisitions of Resources by Sovereign Wealth Funds. (Corruption significantly raises the likelihood of macroeconomic instability, in addition to reducing economic growth. This is particularly true in a globalizing world economy. The gap is widening between those countries that can manage to control corruption and those that cannot.)
Here are a few specific example of what happened in the UK. You may have noted the privatization program taking place in the UK.
Making particular reference to the 1996 sell-off of British Rail. A 1998 report submitted by the Public Accounts Committee of the House of Commons found that rolling stock sold for £1.8 billion was resold only ten months later for £2.7 billion. Taxpayers thus lost nearly £1 billion and former British Rail managers became multi-millionaires.
One of the biggest scams which India faced in the last decade was the Commonwealth Games scam.
Called the CWGscam in which many politicians were found guilty of making crores of money in the games illegally. The Commonwealth Games in India were held in 2010.
Then there is the Indian Coal Allocation Scam or Coalgate; it was the mother of all the scams, total scam was of Rs 10600 billion.
Or the 2G Spectrum Scam This scam led to the distribution of 2G licences to the private telecoms at through way prices in 2008, the prices were actually of 2001. It led to increment of the mobile subscribers from 4 million in 2001 to 350 million in 2008. These three scams are drop in an ocean.
It begs the question is a Scam Corruption or is it “Narrowly legalistic”
Doing no more than trying not to fall foul of the legislation is not enough.
Back to Europe.
To date, the list of corrupt Greek politicians Siemens is kept secret by Germany, only German Chancellor Angela Merkel is aware of the whole process of corruption, names and amounts received by each Greek politician.
Mr. Akis was accused of receiving 20 million euros for corruption signing arms contracts with foreign companies, especially German, which he received EUR 8 million for the country on the path of a heavy debt commander in 2000, four German submarines to 1.6 billion Euros in the MAN group was sentenced to 160 million tickets a German court for making corruption (60 million euros paid in one year) a new marketing technique to sell submarines to other countries in financial crisis as Portugal.
On 15 December 2011, is the successor of Grevy, Jacques Chirac, 78, who will scoop 2 years suspended imprisonment by the Court of Paris for embezzling public funds and abuse of power, of what happened between 1977 and 1995, thanks to a magic potion used in Europe called IMUNITE.
The issue of corruption will never be resolved if it is treated as a problem solely, or mainly, of the Third World. It is rampant at all levels of Society.
If we take a close look at the European Union although the nature and scope of corruption may differ from one EU State to another, it harms the EU as a whole by lowering investment levels, hampering the fair operation of the Internal Market and reducing public finances.
The economic costs incurred by corruption in the EU possibly amount to EUR 120 billion per year. This is one percent of the EU GDP, representing only a little less than the annual budget of the EU. This estimate could well be a conservative one. One way or the other it is “breathtaking”.
It cannot be tackled in isolation, but only in the context of efforts to reduce world poverty. The burden of Third World debt and the imbalance of power in world trade need to be addressed at the same time as tackling corruption.
The problem of corruption has been seen either as a structural problem of politics or economics, or as a cultural and individual moral problem.
Corrupt individuals and companies may be exposed and punished, but of itself this will only redirect the corruption.
Action aimed specifically against corruption will have to go hand in hand with action to secure freedom of information.
The major concern for international aid policy through the last five decades is to improve the living conditions for the poor in the poorest countries of the world.
In fact, as the world economy becomes increasingly globalized, the IMF’s anti-corruption efforts are becoming more important. The roles played by international organisations and multinational companies, and the Internet in fostering as well as combating corruption is evident for all to see.
The negative impact of corruption on development, and the consequences for the poor.
Corruption in poor countries should also look beyond the formal structures of the central state to the informal networks of patronage and social domination that often determine how political power actually is wielded, including the local community or district level. Aid has achieved so little it has drawn attention to corruption as possibly a principal cause of failure.
The IMF, the World Bank, and other international development organizations can play a valuable role in fighting corruption.
There is no point in spreading funds across twenty cities, or twenty country, they are unlikely to make enough of a dent in any one place to be effective. They should focus their resources on one or two special governance zones in a particular country. Once reform is under way there, the increased investment and tax revenue will be the “anti-corruption dividend. A win-win strategy.
Governments are all too often not looking out for the everyday needs of their population and are instead enriching a privileged elite.
In 200 years, nothing has changed. When we look at the history of political scandals, we can easily conclude that political corruption is as old as politics itself.
Money is Corruption.
“Politicians are all corrupt,” that is what emerges when you ignore the vulnerable.
There is only one place for Corruption:
Here are the most corrupt nations in the world, as ranked by Transparency International.
Eritrea. Libya. Uzbekistan. Turkmenistan. Iraq. South Sudan.
Afghanistan. Sudan. North Korea. Somalia. Haiti. Venezuela. Myanmar.
Honorable Mention: The United States Corruption score: 74