It’s widely recognized and acknowledged that corruption is a very serious problem throughout the world, both industrial and governmental. Yet what is the true source of that corruption? Is it endemic to fledgling countries? Poor countries?
Unfortunately, it’s the same cause as our own domestic problems, such as the 2008 financial meltdown — an international banking system that simply can’t be managed or regulated well enough. As stated in the following video, “So the reality is, is that the engine of corruption, well, it exists far beyond the shores of countries like Equatorial Guinea or Nigeria or Turkmenistan. This engine, well, it’s driven by our international banking system, by the problem of anonymous shell companies, and by the secrecy that we have afforded big oil, gas and mining operations, and, most of all, by the failures of our politicians to back up their rhetoric and do something really meaningful and systemic to tackle this stuff.”
Here’s the video: