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Sunday, June 21, 2015

Corruption

The 4 pillars of corruption, and how to topple them


A woman (R) pays for vegetables in a morning market in Jakarta July 1, 2008. Indonesia's annual inflation rate rose to a 21-month high of 11.03 percent in June as the full impact of a fuel price increase kicked in, putting pressure on the central bank to raise interest rates again. REUTERS/Enny Nuraheni  (INDONESIA) - RTX7IPNThe single greatest factor in determining the legitimacy of leaders, governments and institutions (whether public, private or non-profit) is probably the amount of confidence citizens have in them. Corruption, or even the perception of corruption, erodes this trust. It not only undermines democracy and the rule of law but is corrosive to formal economies and the lives of individuals, while simultaneously promoting crime and the illicit economy.

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