The Oil Drum | More goings-on around the world

171 comments on More goings-on around the world

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Leanan on February 17, 2006 - 5:35pm

Completely corrupt and incompetent government.

Good thing we don't have one of those. ;-)

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Magnus Redin on February 17, 2006 - 5:42pm

No you do not. The Zimbabwe government is worse then North Koreas. There is a long way to fall before any western government reaches the Zimbabwe level. Even south Italian mafia would run a better government.

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Gets IT on February 17, 2006 - 8:34pm

Or the northern ones.

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davebygolly on February 18, 2006 - 1:49am

Some distinctions have to be made here. You can't measure corruption just by its impact.

First: a poor country can be devastated by a level of corruption that will have a far less noticeable impact on a developed country.

Second: what constitutes corruption? Does the removal of resources at bargain basement rates from a poor country (or use of its labor) by a corparation, constitute corruption? Or is it only the bribes paid by the corporation to officials in that country that count?

Third: I believe that the top levels of our gov't are totally corrupt, but that the corruption has not yet infected everything all the way down the line. So the top of our gov't could be just as corrupt as the top there, but here there are many more layers below that are, if not healthy, at least still functioning.

You might be right about the mafia doing better, but they would also have done a better job with Katrina if only because you can't do business where there are no people.

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Leanan on February 18, 2006 - 7:31am

I'd take my chances with the mafia. Tony Soprano for president. ;-)

Seriously, though, I sometimes wonder if those at the top know what's coming...and are looting the country now, while they can.

But the reason I posted the link to that article wasn't that I think that's what will be happening here (at least, anytime soon). The point was demand destruction is occurring. Mostly in the Third World, but it is occurring.

I think this could go one for quite awhile. As long as we can outbid everyone else for the remaining oil, we may be relatively unaffected. As long as the dollar holds up...

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171 comments on More goings-on around the world

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