America's legalized corruption

By Mark Weisbrot
0 CommentsPrint E-mail China.org.cn, April 24, 2011
Adjust font size:

For example, influence peddling might help to explain why not a single U.S. government contract for Haiti's reconstruction in the last five months has gone to a Haitian company. In fact, out of $194 million awarded since the earthquake, just $4.8 million, or 2.5 percent of the total, has gone to Haitian companies. USAID has given out $33.5 million, none of which has gone to a Haitian company; some 92 percent of USAID's contracts have gone to Beltway (Washington DC, Maryland, and Virginia) contractors. Now isn't that a geographical oddity? About 15.5 percent of contracts in January 2010 were no-bid, which presumably could be justified because of the urgency; however this proportion has increased to 42.5 percent over the last five months.

Nassim Nicholas Taleb, author of The Black Swan, has pointed out how legalized corruption affects policy in the United States, and has compared it to bribery in African countries, often with delayed payments. Former Clinton Treasury Secretary and top economic advisor to Obama, Larry Summers, pulled down $5.2 million from a Wall Street hedge fund for part time work, along with hundreds of thousands of dollars from financial giants including Goldman Sachs. One has to wonder whether this influenced his decision-making in the Obama White House, which often seemed to go against his prior academic writings, his columns in the Financial Times, or even what he has said since he left office.

I think I'd rather have some of the poorer countries' corrupt practices that don't have so much influence on policy – like paying a bribe to get my passport renewed – than the ones that give us 25 million people unemployed, underemployed, or having dropped out of the labor force.

But unfortunately our corruption is an even bigger problem for the Haitians, who are desperately poor and can afford it much less. As a result of two centuries of foreign intervention that has caused more damage than the earthquake, including the overthrow of two democratically elected governments in the past two decades, Haiti has been reduced to dependency on foreign aid.

This week, 53 members of Congress, including Democratic leaders such as Eliot Engel and Steny Hoyer, sent a letter to the Obama Administration lamenting the "appalling conditions" that continue to prevail in tent camps and calling on organizations receiving U.S. funding to "demonstrate that they are making concrete progress in the camps." It's time for the "international community" to clean up its act.

This post was first published by The Guardian Unlimited (UK) on April 22.

 

   Previous   1   2  


Print E-mail Bookmark and Share

Go to Forum >>0 Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 男人桶女人叽叽| 国产毛多水多高潮高清| 北条麻妃jul一773在线看| 91福利免费视频| 欧美日韩视频免费播放| 国产人澡人澡澡澡人碰视频| a级日本理论片在线播放| 日韩中文字幕在线不卡| 人妖在线精品一区二区三区| 香港特级a毛片免费观看| 夜来香免费观看视频在线| 久久无码精品一区二区三区| 狂野小农民在线播放观看| 国产免费黄色大片| 91福利视频网站| 天天摸日日摸狠狠添| 久久久久成人精品| 欧美无人区码卡二卡3卡4免费| 吃奶呻吟打开双腿做受动态图 | 国产精品美女自在线观看免费| 中文字幕无线码欧美成人| 欧美丰满熟妇XXXX| 免费的成人a视频在线观看| 黑人一个接一个上来糟蹋| 天堂8在线天堂bt| 中文字幕资源在线| 欧美18-19sex| 亚洲黄色在线网站| 青青青国产成人久久111网站| 国产美女极度色诱视频www| 中文字幕丰满孑伦| 日韩精品欧美精品中文精品| 亚洲精品蜜桃久久久久久| 羞羞视频免费网站含羞草| 国产精品9999久久久久仙踪林 | 在公交车上弄到高c了漫画| 中文字幕在线免费观看| 日本三级欧美三级人妇英文| 亚洲人成色777777在线观看| 男人插女人网站| 免费看一级黄色毛片|