26 October, 2010

Public Corruption

Transparency International, an international anti-corruption organisation, has published its annual Corruption Perception Index, based on a number of international surveys covering 178 countries. Italy has not done well. 55th in 2008, 63rd last year, it is now 67th, with, amongst European countries, only Romania, Bulgaria and Greece rated lower.

Italy ranks as more corrupt than Rwanda.

Scandinavian countries, New Zealand, Singapore and Canada were at the top of the list, Germany 15th, UK 20th, USA 22nd and France 25th.

Italy's growth and the standard of living of its people are held back by corruption. Unproductive jobs are handed out to the wrong people; useless university professors are kept on into their 70s, denying a decent education to the promising young students; vast amounts of money go missing from public contracts. This is something Berlusconi might have turned his mind to, but hasn't; it is is something the oposition might have turned their minds to, but they haven't either; it is something the people should be rioting in the streets about, but they never know if they might be a beneficiary of the system.

Corruption costs a good 1% in annual growth.

And it will be just as bad next year.

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