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The reality of corruption — 1 Comment

  1. I’ve wondered a time or two about that very issue.
    I heard from a guy in Dublin about that time the corruption tribunals gave one of their half reports that in the 50s when his mother got a council house that it was well known she would have to hand over £5 in what was known as Key Money.

    Different though is the African thing. I think a lot of colonies made gigantic errors believing the US bankers. Prior to Independence the Europeans imperials saw financial prudence in each colony as a must mostly because they were used to prop the home nations balance sheet. So after independence you had the world bank selling debt for motorways going no place, hydro projects in countries where electricity was the reserve of about 3% of the population. And you also had the situation where raw resource’s were handed over to SA mining companies to cover moneys long spent.

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