Money Loop Effect
Over 100 years ago President Theodore Roosevelt observed:
"There is no enemy of free government more dangerous and none so insidious as the corruption of the electorate."
Many witness the money flowing along the trail going to and from government officials. However, few do anything about it. There are risks. On the other hand, not doing something about it has long term effects. A study conducted regarding 33 African nations has shown, corruption discourages private investment. Everything from a neighborhood, its people, and the country as a whole suffers the consequences. Corrupt government tend to allocate the public's money towards large projects where the incentives and ability of politicians to reap more money is greater. Further, when a project can generate income or rent, the politicians stands to collect a share long into the future.
Read more about this topic: Money Trail
Famous quotes containing the words money and/or effect:
“Providing for one’s family as a good husband and father is a water-tight excuse for making money hand over fist. Greed may be a sin, exploitation of other people might, on the face of it, look rather nasty, but who can blame a man for “doing the best” for his children?”
—Eva Figes (b. 1932)
“The courage of a great many men, and the virtue of a great many women, are the effect of vanity, shame, and especially a suitable temperament.”
—François, Duc De La Rochefoucauld (1613–1680)