Um... Isn't the minister a public officer? I'm confused.I wasn't talking about public officers. As far as I know, they may well all be corrupt. I was referring to things like the minister...
The problem with corruption is that getting things done doesn't depend on compliance with the law, but rather on dealing with the right people. It doesn't matter so much if it's people putting money in their own pockets or the party's pockets. What matters is that corruption distorts the entire system and Venezuela is pretty darn corrupt, even by Latin American standards.I don't think so. In this case we should probably more look towards what happened in Brazil recently, or in India during Rajiv Gandhi in the 80's. Chavez isn't really the kind who puts the funds to his private account. But like what happened in Brazil and India, there is always a risk that he and his party might try to siphon public funds into the party.
Then you can only imagine how bad it is in Venezuela, which is even more corrupt!Hey, that happens every day here. On a good day, even some of his ministers may deliver the allegation.. and still stay in the government.
Because CEOs are accountable to their board and shareholders. Ortega was publicly professing that he was an honest politician who was cleaning out corruption and then went on a spending spree with public dollars for which he did not account. I'm just using it to show that just because Chavez has not been accused of corruption does not mean he's clean. We all thought Ortega was clean and turned out to be untrue.That's just muddling the waters. Ortega has thousands of dollars? Funny, nobody complains when company CEOs or even NGO staff gets decent pay while working in these countries.
Ortega was not supposed ot be making enough money to go on a Sachs Fifth Avenue shopping spree. It was misuse of public funds.But really, reasonably high wages for government officials is not corruption.
I don't understand that. Every indication is that corruption is much worse in Venezuela. Chavez talks a good game, but there has been no observable change in corruption. Corruption indicates the government is not being subject to proper oversight. Is the vaunted press of Venezuela effective in fighting corruption? Apparently not. Is the opposition party? Apparently not. Why on earth would you think either of these groups would be able to ensure nationalized Venezuela petroleum is non-corrupt when they haven't been able to clean up any other portion of Venezuelan government?That's why I'd be much more suspicious towards major government takeovers here, than I am about Chavez' propositions.
What's your evidence?Chavez obviously argues that he fights corruption precisely by replacing a corrupt corporate governance with a straight government governance. The latter part can well be questioned, but I do not doubt that Venezuelan oil is highly corrupt today.
From what I can tell, after deregulation from the last time Venezuela nationalized utilities, Venezuelan industries were rapidly modernizing, serving customers and remaining competitive.
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Venezuela's communication industry was robust. It was controlled by Western companies that insist on verified bookeeping for their shareholders. (You know, the same bookeeping you consider some of the most thorough in the world.) I'm sure there was some corruption, but I don't think it was anything near what Venezuela government labors under. The idea that government control by Venezuelan government will decrease, rather than increase, corruption is counter to any evidence I can locate.
But profits can be taxed. Corruption is simply lost.But we have a monopoly here. If you call it profits or corruption doesn't matter much here - the money is lost either way.
You seriously think that corruption is better than monopoly? Let be correct that. You think a monopoly run by a corrupt government is better than a monopoly being overseen by Western-style investors?Of course, because it is a monopoly, there is already government regulation to make sure that some of that profit goes to the state. But to avoid that, the board, shareholders, and directors have a very high incentive indeed to siphon funds away from this heavy taxation.
That assumes there is some magical place where ineffecient workrs with no fear of unemployment can be transformed into productive happy workers. If you know of such a wondrous location, please inform any of the Sttate-planned economies in the world. They would love to be able to start competing with the rest of us.it would surely make more sense to transfer inefficient workers to somewhere where they can make themselves useful, than to lay them off.
Then prepare to be surprised. Venezuelan companies that have not been nationalized are owned in significant part by American and European companies that insist on very strict reporting. Why? Because those investing companies have to report their actions to their own shareholders and government regulators and those books better well be accurate!The US has excellent laws on corporate accountability compared to probably every other nation in the world. I would be surprised if Venezuelan companies are required to have independent auditors, in a meaningful sense of that word.
Will Venezuela demand of itself the same stringent bookkeeping that Western companies demand of its subsidiaries? The corruption index would indicate that to be very unlikely.
But utterly unable/unwilling to fight corruption in the current Venezuelan government. How will they improve that track record once the government expands to include the petroleum and telecommunications industries?Venezuela's political opposition is clearly very well funded.
Not as many people as get killed in Cameroon or Burundi, two nations near to them on the free press index. Clearly, other forces are at work.That's because they have an awful lot of people getting killed.
Continues? Chavez has been in power since 1998 (save for a four-day long coup)! He's had eight years. How long are we supposed to wait?it's arguably another failure of the Chavez administration that it continues.
So much for the idea that free press can counter corruption, eh?Oh, we have a very free press. 50% of the print press is controlled by either of the political parties, which means they both have one newspaper. That's Belize, not Sweden, by the way.![]()