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Thursday, 6 October 2011

Who is more corrupt, "us" or "them"? (Supply/demand side practicalities of corruption)

The easiest thing too do is to go into a self-flagellation mode on corruption. Oh, hai hai, we are a very corrupt people, race, country. But have you though - is it possible to be corrupt without the tools for corruption?

I am particularly proud of this article, along with the others on processed food, and dedicate it to my seafarer brethren. Please read, pass it on, comment. . . thanks.

""Here is a simple number—The World Bank has endorsed estimates that in 2009, illicit financial flows out of developing countries were to the tune of $850 billion to $1 trillion. These were as provided by Global Financial Integrity (GFI), which made a strong case to interpolate TI's figures on supply-side corruption. It was done to understand, where the corruption money went, where did it go in, and more importantly, who or what motivated it. Likewise, it is estimated that the narcotics economy from mainly developing countries reached anything between $650 billion to about $1.1 trillion per annum in 2010—figures collated from various sources-so, where did it enter the global financial network?""

""let us simplify matters. In a typical scenario, who is more corrupt, who is guiltier—a sex worker selling her body in Falkland Road, Mumbai, for whatever reason, or the customer who pays for it, for whatever reason too? Or is it the landlord, the pimp, the cops, or the system that makes it possible for this transaction to take place? Who is more corrupt? In a typical scenario, we have all been programmed to blame the bottom end of the food chain, and believe that the person selling her body, is corrupt, but we know that is not really correct. It is like calling a bottle of liquor evil. ""

""evolved something called the "Financial Secrecy Index", which listed out on scientific empirical evidence a graded list of countries, where it was easiest to park stolen assets—to put it simply. And not just did these countries simply provide the facility for parking stolen assets—they actively and aggressively went about seeking these stolen assets, in most cases actively conniving with corrupt "supply side" countries and regimes worldwide. And then, to ensure that these stolen assets could not be tracked back, they made laws of their own which simply prevented any... transparency.""

If you've got so far, you may also want to read this . . . . . . especially in the context of . . . who or what does own all those FOC ships, then?

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