World Bank on aid losses through corruption

[Chris Burford]

At 07:26 PM 8/19/98 -0400, you wrote:
>Chris Burford wrote:
>
>> At 09:02 AM 8/19/98 -0400, you wrote:
>> >Today, Aug 19, the WSJournal reports the World Bank estimating 20% of Bank
>> >project money in Indonesia was siphoned off by officials.  For development
>> >funds generally they estimate 20 to 30%.  I've seen other, higher, figures
>> >on this list, maybe up to 50%.  Anyone care to comment?
>> >
>> >Randy Earnest
>
>Maybe the figure is high for funds wasted but doesn't the IRS allow
individuals
>tax deductions
>for stuff like this under the heading Business Gifts.  What about US tax
>deductions for corporate
>lobbying.   While it may be true that corruption may be much higher in the
rest
>of the world, we
>are certainly not free from it.
>                         --mike
>--
>Michael Cohen mike at cns.bu.edu
>Associate Professor, Center for Adaptive Systems
>Work: 677 Beacon, Street, Rm313 Boston, Mass 02115
>Home: 25 Stearns Rd, #3 Brookline, Mass 02146
>Tel-Work: 617-353-9484
>Tel-Home:617-353-7755

Good point. These are just different cultural ways of building trust. The
fact that one type is tax-deductible and the other is denounced as
corruption, shows how aggressive is the thrust behind the neo-liberal
agenda of the World Bank and the IMF.

Chris Burford