Category: Corruption

Here’s a broom, Mr Speaker

‘The MPs’ expenses scandal has exposed the House of Commons as an Augean stable – and I mean to get it cleaned up’, writes Mark Thomas.

As some readers may be aware, I have been working on the destruction of international capitalism and bourgeois parliamentary democracy for some time. However, even I have been taken aback by my recent run of success. Had I factored in the self-destructive culture of greed, I could have spent considerably less time handing out leaflets and waving placards and spent considerably more time on the champagne aspect of the “champagne anarchist” life style.

Frankly, no one could have quite predicted the depths to which parliament has sunk. And each release of information, similar to the release of Police Academy films, gets progressively lower and more vile.

Continue reading “Here’s a broom, Mr Speaker”

Kabul’s New Elite Live High on West’s Largesse

Patrick Cockburn reports about the self-enriching practices of the Western ‘donor’ community in Afghanistan. As despicable as it may be to siphon off wealth from one of the poorest countries in the world, it really ought to come as no suprise. It is but the continuation of the the multi-billion international development industry’s standard practice. Graham Hancock, a former World Bank employee and one of the first to expose the endemic corruption of the aid policies of the IMF, World Bank and USAID in the late 1980s, aptly calls them the “Lords of Poverty“.

Kabul – Vast sums of money are being lavished by Western aid agencies on their own officials in Afghanistan at a time when extreme poverty is driving young Afghans to fight for the Taliban. The going rate paid by the Taliban for an attack on a police checkpoint in the west of the country is $4, but foreign consultants in Kabul, who are paid out of overseas aids budgets, can command salaries of $250,000 to $500,000 a year.

The high expenditure on paying, protecting and accommodating Western aid officials in palatial style helps to explain why Afghanistan ranks 174th out of 178th on a UN ranking of countries’ wealth. This is despite a vigorous international aid effort with the US alone spending $31bn since 2002 up to the end of last year.

The high degree of wastage of aid money in Afghanistan has long been an open secret. In 2006, Jean Mazurelle, the then country director of the World Bank, calculated that between 35 per cent and 40 per cent of aid was “badly spent”. “The wastage of aid is sky-high,” he said. “There is real looting going on, mainly by private enterprises. It is a scandal.”
Continue reading “Kabul’s New Elite Live High on West’s Largesse”

The Big Takeover

‘The global economic crisis isn’t about money – it’s about power’. Matt Tabibi of Rolling Stone on ‘How Wall Street insiders are using the bailout to stage a revolution’.

It’s over — we’re officially, royally fucked. No empire can survive being rendered a permanent laughingstock, which is what happened as of a few weeks ago, when the buffoons who have been running things in this country finally went one step too far. It happened when Treasury Secretary Timothy Geithner was forced to admit that he was once again going to have to stuff billions of taxpayer dollars into a dying insurance giant called AIG, itself a profound symbol of our national decline — a corporation that got rich insuring the concrete and steel of American industry in the country’s heyday, only to destroy itself chasing phantom fortunes at the Wall Street card tables, like a dissolute nobleman gambling away the family estate in the waning days of the British Empire.

The latest bailout came as AIG admitted to having just posted the largest quarterly loss in American corporate history — some $61.7 billion. In the final three months of last year, the company lost more than $27 million every hour. That’s $465,000 a minute, a yearly income for a median American household every six seconds, roughly $7,750 a second. And all this happened at the end of eight straight years that America devoted to frantically chasing the shadow of a terrorist threat to no avail, eight years spent stopping every citizen at every airport to search every purse, bag, crotch and briefcase for juice boxes and explosive tubes of toothpaste. Yet in the end, our government had no mechanism for searching the balance sheets of companies that held life-or-death power over our society and was unable to spot holes in the national economy the size of Libya (whose entire GDP last year was smaller than AIG’s 2008 losses).

Continue reading “The Big Takeover”