Return to Kumul Development Forum  

Stealing Govt funds - The lesser evil

December 7 2011 at 5:34 PM
No score for this post


There were robber barons in the US in the 19th Century who built great wealth through corrupt means but what they built were great enterprises that drove America’s industrial development e.g. Standard Oil that is the forefather of Exxon, Chevron, Texaco. The methods used were not right but the outcomes set America to be this great country that we now know.

There has been a lot of misappropriation of funds from the government coffers. That is wrong. However, I am pragmatic enough to know that it will not be stamped out overnight.

However, I do want to say that, for those who steal the money, it would be better for them to start up commercial enterprises that employ a lot of people in PNG. That is contributing to development because opportunity is given to people who would otherwise be unemployed. They can then send their kids to school or can look after their extended family and increase the cash flow within the economy.

Stealing the money and investing it overseas is a poor allocation of capital from a development point of view. You reduce the opportunities available for your people.

Scoring disabled. You must be logged in to score posts.Respond to this message   

 Copyright © 1999-2018 Network54. All rights reserved.   Terms of Use   Privacy Statement  
About this board - the Kumul Discussion Forum is administered and set up by PNGScape with the permission of the founder of the board and the Kumul Foundation pursuant to the Kumul Foundation's object of facilitating discussion and debate on issues of significance to Papua New Guinea's national development. The old Kumul board can be found at Discussion must be conducted respectfully, and rationally, with the object being that the dissemination of ideas will lead to action that will contribute to PNG's ongoing development.

Remember, PNG's destiny is ours too!