Once again, TED has published a very timely piece on an issue that is becoming huge in the west these days…corruption and its societal costs. Corruption has always been around, but until recently in the west, it was associated with shame and scandal. Now it seems to be so commonplace that we barely even acknowledge it. But the costs of corruption to society are very important and this TEDGlobal talk puts the matter into perspective. definitely worth a read. Thanks TED.
Originally posted on TED Blog:
When we talk about corruption, certain types of individuals come to mind, says Charmian Gooch, co-founder of watchdog NGO Global Witness. She gives some familiar examples of the type. There’s the (former) Soviet megalomaniac — such as Saparmurat Niyazov, the all-powerful leader of Turkmenistan, whose indulgences included erecting a 40-foot-high gold-plated statue of himself that rotated to follow the sun. There’s the African minister, dictator or official, such as Teodorin Obiang, son of the president of oil-rich Equatorial Guinea, where many live in dire poverty despite per capita income comparable to Portugal. Obiang junior owns an 18 million Euro art collection, million-dollar sports cars, a Gulfstream jet, and a $30 million Malibu mansion. Until recently, he was officially earning less than $7,000 a month. Then there’s the former Nigerian oil minister Dan Etete — a convicted money launderer.
It’s easy to think of corruption as something that happens “over there,”…
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