Britain Is Not Corrupt? Only Through A Ridiculously Narrow Framing Of What Corruption Is - By George Monbiot (21/3/15) PDF Print E-mail
George Monbiot   
Saturday, 21 March 2015 10:14

Guardian
 
It just doesn’t compute. Almost every day the news is filled with stories that look to me like corruption. Yet, on Transparency International’s corruption index, Britain is ranked 14th out of 177 nations(1), suggesting that it’s one of the best-run nations on earth. Either all but 13 countries are spectacularly corrupt, or there’s something wrong with the index.
 
Yes, it’s the index. The definitions of corruption on which it draws are narrow and selective. Common practices in the rich nations that could reasonably be labelled corrupt are excluded. Common practices in the poor nations are emphasised.
 
This week a ground-changing book called How Corrupt Is Britain?(2), edited by David Whyte, is published. It should be read by anyone who believes this country merits its position on the index.
 
Would there still be commercial banking sector in Britain if it weren’t for corruption? Think of the list of scandals: pension mis-selling, endowment mortgage fraud, the payment protection insurance scam, Libor rigging, insider trading and all the rest. Then ask yourself whether fleecing the public is an aberration – or the business model.
 



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America’s Insidious Form Of Capital Control - By Simon Black (21/3/15) PDF Print E-mail
Simon Black   
Saturday, 21 March 2015 10:10

Sovereign Man

Imagine going to the bank to withdraw some cash.

Having some cash on hand is always a prudent strategy. Especially today as more and more bank deposits creep into negative interest rate territory, meaning that you have to pay the banks for the privilege of having them gamble with your money.

You tell the teller that you'd like to withdraw $5,000 from your account. She hesitates nervously and wants to know why.

You try to politely let her know that that's none of the bank's business as it's your money.

The teller disappears for a few minutes, leaving you waiting.

When she returns she tells you that you can collect your money in a few days as they don't have it on hand at the moment.

Slightly irritated because of the inconvenience, you head home.



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Ending The Myth Of The U.S. ‘Recovery’ - By Paul Gallagher, EIR (21/3/15) PDF Print E-mail
Paul Gallagher   
Saturday, 21 March 2015 10:08

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Why Europe Defies The US To Join A China-Led Bank - By Gabriel Domínguez (20/3/15) PDF Print E-mail
Gabriel Domínguez   
Friday, 20 March 2015 07:44

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How China Is Reshaping Global Development Finance - By Gabriel Domínguez (20/3/15) PDF Print E-mail
Gabriel Domínguez   
Friday, 20 March 2015 07:43

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