power

Power Corrupts, but Power Without Status Corrupts Absolutely

“The total drain of corruption on South Africa’s economy is estimated in the hundreds of billions of rands per year or 10 percent to 25 percent of gross domestic products (GDP). Auditor-general reports of unauthorised, irregular, and fruitless / wasteful spending found roughly R15-billion in 2009 and R26-billion misspent today.” - As stated by a December 2011 paper, ‘The Cost of Public Corruption in Democratic South Africa’, by the Money and Politics Project of the Open Society Foundation (MAPP) for South Africa.
 

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