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: 狠狠躁天天躁中文字幕无码| 欧美色图五月天| 无码中文人妻在线一区二区三区 | 久久综合视频网| 欧美蜜桃臀在线观看一区| 免费一级毛片一级毛片aa| 色吧亚洲欧美另类| 在线播放无码后入内射少妇| 丁香亚洲综合五月天婷婷| 日韩免费一级毛片| 亚洲人成精品久久久久| 粉嫩大学生无套内射无码卡视频| 国产精品久久国产精品99盘| 中文字幕AV一区中文字幕天堂| 欧美14videosex性欧美成人| 亚洲综合图片网| 精品国产一区二区三区在线观看| 国产成人精品免高潮在线观看| jizzjizzjizzjizz国产| 无码aⅴ精品一区二区三区| 久久国产真实乱对白| 欧洲动作大片免费在线看| 亚洲欧美一区二区三区在饯| 波多野结衣不打码视频| 免费成人av电影| 美国一级毛片在线观看| 国产50部艳色禁片无码| 香港三日本三级人妇三级99 | 亚洲午夜无码久久| 波多野结衣33| 你懂的免费视频| 男女一进一出猛进式抽搐视频| 国产亚洲色婷婷久久99精品| 日韩在线第三页| 国产精品100页| 2018天天操夜夜操| 夫妇交换性3中文字幕| 一边摸一边揉一边做视频| 日韩欧美一区二区三区视频| 亚洲欧美第一页| 热re99久久精品国产99热|