If Corruption Destroy an Economy, What Method do you Suggest in Fighting it? by papa-mensa

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· @papa-mensa ·
$4.70
If Corruption Destroy an Economy, What Method do you Suggest in Fighting it?
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Corruption is a Cancer that eat deeps into the worlds' finance,eating about $3 trillion yearly.  Africa is one of the continents with the highest rate of corruption with tentacles ranging from fraud, laundering, looting government funds, election disruption and malpractice, bribery and many more. Most of the people who exhibit this corrupt nature are mostly people who hold political positions and public seats, they are blinded by greed and the aim of building a good life of luxury at the expense of the citizens normal life. Corruption and Morals are worst enemies when an economy is filled with corrupt leaders and civil servants both public and private.

Corruption in the economy of Africa goes from the head of states or presidents down to the Police who display impunity and forceful extortion. With corruption comes abuse of power at the detriment of the economy. For every penny stolen, or looted by government officials in government offices, there is a lagging in the economy because the money was suppose to cover for a project, infrastructure or to pay wages.

The annoying part about corruption is that it doesn't stay in the public sector alone but also in the private sector. There are a lot of business owners who do several illegal activities like evading tax, importing ammunition and so on who just bribe their way into not being indicted. Also, several large conglomerates especially in Africa pay bribes directly or indirectly so as to get the sole license to produce, manufacture or sell goods and services making them sole monopolies and killing the efforts of young entrepreneurs who want to grow their business. A lot of these corporation CEOs can do this indirectly by sponsoring political careers of certain political parties and person sso as to get what they want.

Corruption in Africa goes as far as 1/3 of several countries GDP getting missing like in South Africa where $100 Billion got missing in one year, or in Nigeria where news of animals swallowing money and running away with money is the popular thing.

The damages that corruption courses is often very serious as funds are always signed but are never used for the purpose and in most cases, the public funds are kept in foreign accounts thereby reducing the value of the local currency and affecting the economy of the country.

After writing all these, i then ask; what is the best way to tackle corruption?
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vote details (234)
@frederickbangs ·
Corruption is highly destructive it eats deep into a nation's economy and the best way to fight corruption is to begin with ourselves, our small businesses and everyone from least to biggest should make the decision to live a corruption free life.
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@franyeligonzalez ·
Hello friend, I understand you, my country Venezuela is also going through the same situation, the corrupt government has destroyed it, it is something very difficult to eradicate, but in my opinion the money should be decentralized I think this would be a good start to be able to make good use of the funds of any country. Let finances be in the eyes of anyone and everyone can see what the use of that money is.

This would reduce a little bit the theft and the benefit that high officials have for themselves.
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@josevas217 ·
Hello @papa-mensa
You mention terrible things about Africa, much is heard of that continent, now, I am in Latin America and I can tell you that it happens here the same as there. 
Solve?
I don't see any calm or compassionate options against those who dare to steal the money that is supposed to be for social benefit. 
That even the family of the corrupt will be prevented from holding any public office, which will always have repercussions
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@juanmolina ·
Hello Brot @josevas217.
Could we meet at DM, please?
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@yusvelasquez ·
Corruption escalates at many levels, and if senior government officials are doing great harm to ordinary citizens, strong institutions and decentralized powers are required to have some control over senior officials.
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@emiliomoron ·
Corruption has broken through as a disruptive factor in the reality of many nations. I do not believe that there is a country in the world that does not experience it to some extent, but there is no doubt that in the so-called developing countries it is a cancer that devours the economy. Although it is a complex phenomenon, the loss of political legitimacy experienced by many governments, the polarization of power, and bureaucratic inefficiency are some of the factors that influence its lack of control. Independent and transparent systems and institutions are required to deal with this scourge.
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