Thursday, July 17, 2008

If You Believe Poverty Causes Wars And Conflicts -- This Will Explain Why Africa Is In Such A Mess

Bugatti Veyron

From The Telegraph:

Private jets, Bugatti cars, a shark-filled aquarium and enough bank accounts to paper the new luxury yacht - the extraordinary capacity of some African leaders and their families for apparent self-enrichment has been laid bare in a French lawsuit over allegedly stolen state money.

Following an inquiry last year by the French fraud body OCRGDF, an anti-corruption campaign group has accused a string of African politicians of plundering vast sums from the often struggling economies of their countries.

Inhabitants of Gabon or the Republic of Congo who have ever wondered what happens to their precious oil and mining revenues don't need to look any further than Paris and the French Riviera.

The richest parts of France are teeming with homes, cars, boats and other expensive baubles belonging - in practice, at least - to tropical Africa's political elite.

Read more ....

My Comment: Western aid at work. Africa has been the recipient of hundreds of billions of dollars in aid. But as long as the culture of corruption exists in Africa .... Africa will not .... and cannot overcome its problems.

If Robert Mugabe and his wife see this post .... I can sense the jealousy.

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