Robert Zoellick/BRICS Bank

[Mega]

http://www.telegraph.co.uk/finance/n...rics-bank.html
Mike

[GRG55]

Re: Robert Zoellick/BRICS Bank

Seems difficult enough to avoid the ravages of corrupt politicians, businessmen and bankers in the USA, UK, Europe. Can't hardly wait to see how they'll do that with a bank run by the likes of China, Russia and India :-)

[FRED]

Re: Robert Zoellick/BRICS Bank

Seems difficult enough to avoid the ravages of corrupt politicians, businessmen and bankers in the USA, UK, Europe. Can't hardly wait to see how they'll do that with a bank run by the likes of China, Russia and India :-)

We call it the GCNDB.

[Mega]

Re: Robert Zoellick/BRICS Bank

Depends opon your perspective "Fred"

[Southernguy]

Re: Robert Zoellick/BRICS Bank

The history of economic development is the history of corruption. Britain, France, Holland, etc. with their respective companies of the Indies. USA with itīs robber barons, Japan with the corrupt marriage between Keiretsu and the State, the same with Korea, chaebols and the Government, and so on. Protectionism, allowing limited and heavily taxed imports (the "friends" always served first), and Development banks or private banks integrated into industrial complexes (can something be more corrupt than that?) prevails when one reads about economic development.
Uncorrupted economic development? Please, kindly show me some examples.
But of course, when developing countries carry on with the same policies they are "corrupt".
Who determines the "corruption index perception"?
Why are countries where recent financial crises found deep, ingrained corruption, which was not sanctioned, seem as "less corrupt"?
Of course, if corruption perception is based upon the traffic policeman asking for a modest bribe....
Just some spontaneous thoughts.....

[FRED]

Re: Robert Zoellick/BRICS Bank

The history of economic development is the history of corruption. Britain, France, Holland, etc. with their respective companies of the Indies. USA with itīs robber barons, Japan with the corrupt marriage between Keiretsu and the State, the same with Korea, chaebols and the Government, and so on. Protectionism, allowing limited and heavily taxed imports (the "friends" always served first), and Development banks or private banks integrated into industrial complexes (can something be more corrupt than that?) prevails when one reads about economic development.
Uncorrupted economic development? Please, kindly show me some examples.
But of course, when developing countries carry on with the same policies they are "corrupt".
Who determines the "corruption index perception"?
Why are countries where recent financial crises found deep, ingrained corruption, which was not sanctioned, seem as "less corrupt"?
Of course, if corruption perception is based upon the traffic policeman asking for a modest bribe....
Just some spontaneous thoughts.....

"Even men who were engaged in organizing debt-serf cultivation and debt-serf industrialism in the American cotton districts, in the old rubber plantations, and in the factories of India, China, and South Italy, appeared as generous supporters of and subscribers to the sacred cause of individual liberty."
- H. G. Wells, The Shape of Things to Come - (1936)

From:

The New Road to Serfdom

An illustrated guide to the coming real estate collapse

By Michael Hudson

Reprinted with permission of the author and



Originally published May 2006

Transparency International is not the only game in town.

_______
Brazil

Global Integrity Report: 2011



_______
India



_______
Russia



China



Too corrupt to measure.

[Mega]

Re: Robert Zoellick/BRICS Bank

He IS Bob!
http://www.bbc.co.uk/news/business-17593657
I like him, may be HE could run the Brics bank?
Mike