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Monday, June 6, 2011

The Anti-Corruption Charade by James Bovard

Barron’s
Editorial Commentary
http://online.barrons.com/article/SB50001424053111903629404576359664144090044.html?mod=BOL_twm_fs

The Anti-Corruption Charade
by James Bovard
In much of the world, governing is a synonym for looting. Unfortunately, American and European foreign aid has a long history of accelerating the looting. Foreign aid created a generation of kleptocracies—governments of thieves—in Africa in the 1970s and 1980s. Mercedes-Benz automobiles became so popular among African government officials that a new Swahili word was coined: wabenzi—”men of the Mercedes-Benz.”

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