The One
8th February 2011, 12:40
Ever wondered why some nations are still so poor.
Africa is rich with natural resources. But too often, money from the sales of oil, gas and mineral resources end up in the pockets of corrupt governments. This means that critical development issues like education, health care and agriculture get ignored and poverty remains.I believe that by putting information into the hands of local communities, governments of resource-rich countries will be better held account for how they spend their money. Corruption can be reduced and governance can be improved the result being that more resources are spent on economic and social development programmes.
lets have a look at the outgoing president of egypt Mubarak worth more than $70 Billion how he's been able to get so rich is shocking How does a dictator get so rich? Over 30 years as president, and before that a senior military officer, allowed Mubarak access to the oligarchs who control much of the investment capital in Egypt’s very closed, highly bureaucratic system. Investment deals have generated hundreds of millions of pounds in profits for Mubarak. Most of those gains have been taken offshore and deposited in secret bank accounts or invested in up-market homes and hotels.According to a report last year in the Arabic newspaper Al Khabar, Mubarak has properties in Manhattan and exclusive Beverly Hills addresses on Rodeo Drive.His sons, Gamal and Alaa, are also billionaires. A protest outside Gamal's ostentatious home at 28 Wilton Place in Belgravia, central London, highlighted the family's appetite for western trophy assets.Amaney Jamal, a political science professor at Princeton University, told the Guardian that the estimate of $40 billion to $70 billion was comparable with the vast wealth of leaders in other Gulf countries."The business ventures from his military and government service accumulated to his personal wealth," she told ABC news. "There was a lot of corruption in this regime and stifling of public resources for personal gain."This is the pattern of other Middle Eastern dictators so their wealth will not be taken during a transition. These leaders plan on this."this is just one examle just think how many ex Presidents/Prime Ministers have done the same.
http://www.google.co.uk/url?sa=t&source=web&cd=1&ved=0CBwQFjAA&url=http%3A%2F%2Fwww.newsmax.com%2FInsideCover%2Fhosni-mubarak-egypt-wealth%2F2011%2F02%2F04%2Fid%2F385057&ei=7TRRTfaJC5GEhQfF3smtCQ&usg=AFQjCNEG0Hp1cJdGAD-ZD7bF6BVnbSW8MQ
Shame on them all
Africa is rich with natural resources. But too often, money from the sales of oil, gas and mineral resources end up in the pockets of corrupt governments. This means that critical development issues like education, health care and agriculture get ignored and poverty remains.I believe that by putting information into the hands of local communities, governments of resource-rich countries will be better held account for how they spend their money. Corruption can be reduced and governance can be improved the result being that more resources are spent on economic and social development programmes.
lets have a look at the outgoing president of egypt Mubarak worth more than $70 Billion how he's been able to get so rich is shocking How does a dictator get so rich? Over 30 years as president, and before that a senior military officer, allowed Mubarak access to the oligarchs who control much of the investment capital in Egypt’s very closed, highly bureaucratic system. Investment deals have generated hundreds of millions of pounds in profits for Mubarak. Most of those gains have been taken offshore and deposited in secret bank accounts or invested in up-market homes and hotels.According to a report last year in the Arabic newspaper Al Khabar, Mubarak has properties in Manhattan and exclusive Beverly Hills addresses on Rodeo Drive.His sons, Gamal and Alaa, are also billionaires. A protest outside Gamal's ostentatious home at 28 Wilton Place in Belgravia, central London, highlighted the family's appetite for western trophy assets.Amaney Jamal, a political science professor at Princeton University, told the Guardian that the estimate of $40 billion to $70 billion was comparable with the vast wealth of leaders in other Gulf countries."The business ventures from his military and government service accumulated to his personal wealth," she told ABC news. "There was a lot of corruption in this regime and stifling of public resources for personal gain."This is the pattern of other Middle Eastern dictators so their wealth will not be taken during a transition. These leaders plan on this."this is just one examle just think how many ex Presidents/Prime Ministers have done the same.
http://www.google.co.uk/url?sa=t&source=web&cd=1&ved=0CBwQFjAA&url=http%3A%2F%2Fwww.newsmax.com%2FInsideCover%2Fhosni-mubarak-egypt-wealth%2F2011%2F02%2F04%2Fid%2F385057&ei=7TRRTfaJC5GEhQfF3smtCQ&usg=AFQjCNEG0Hp1cJdGAD-ZD7bF6BVnbSW8MQ
Shame on them all