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:
“I confidently predict the collapse of capitalism and the beginning of history. Something will go wrong in the machinery that converts money into money, the banking system will collapse totally, and we will be left having to barter to stay alive. Those who can dig in their garden will have a better chance than the rest. I’ll be all right; I’ve got a few veg.”
—Margaret Drabble (b. 1939)
“The attention of those who frequent the camp-meetings at Eastham is said to be divided between the preaching of the Methodists and the preaching of the billows on the back side of the Cape, for they all stream over here in the course of their stay. I trust that in this case the loudest voice carries it. With what effect may we suppose the ocean to say, “My hearers!” to the multitude on the bank. On that side some John N. Maffit; on this, the Reverend Poluphloisboios Thalassa.”
—Henry David Thoreau (1817–1862)