I was quite liking this discussion (everyone’s corrupt, not just us) till the Nigerian investigator pointed out that China and India were now the new corruptors of Africa, even as governments in developed countries enforce anti-corruption drives. And the whites just started off.
Well, well, well… Anyone asking how much white money is invested in these Chinese and Indian companies, and in these evil economies? And where does the fruits of our evil eventually go?
China’s Head of Press & Public Affairs in the UK writes in today’s FT: “In 2009, foreign-funded enterprises in China accounted for 55.9 per cent of the country’s total exports, contributing almost two-thirds of China’s trade surplus… Take “Barbie dolls” as an example. A Chinese-made Barbie doll sells for $ 10 in the US, out of which the Chinese manufacturer gets only 35 cents.”
(The diplomat does not say whether the Americans are making nearly 2760% profits on dolls, or explain why they may not be doing so, but that’s another matter.)
It reminded me of a wedding in a very rich family. The bridegroom was, most probably, a graduate from a western business school, and understood that as long as your books were ok, white people will willingly look the other way while doing deals with you. But he needed black money for his wedding expenses. Of course, in India there is no distinction between company and family money.
So he hit upon a bright idea: He made his suppliers do the shopping, and asked them to bill him. (I don’t remember how he adjusted the tax. Most probably he expected the suppliers to grin and bear it.) And you had ad agencies ordering a ton of flowers and chemical companies ordering jewels.
Look ma, my hands are clean! What rubbish.