People in Glass Houses
posted by Glen Stidolph in Malaysia, Government |
Here’s a Post from a prominent ‘outsourcing’ Blog that I normally enjoy reading:
“I just discovered, from a friend who works in a prominent position at a prominent bank, that the government of Malaysia outsources the Bank of Malaysia to [this prominent bank].”
Interesting: the argument against outsourcing is often, that it moves jobs from our country (USA) to their country. But an interesting reversal has happened: their governments tend to be so corrupt, that the governments don’t trust themselves with money, so they outsource managing the money to us!
(Source www.outsourceyourlife.com)
It’s interesting how Americans believe that their Corporate governance is ‘first world status’ comparative to their industrialization and infrastructure. I wont bother to mention Enron or Arthur Andersen or Bristol Myers or Tyco International or Martha Stewart or WorldCom or Lucent Technologies or J.P Morgan Chase & Co or AOL/Time Warner, I think I’ll rise above finger pointing and refer back to globally recognized and quoted Corruption indexes such as Transparency international’s ‘Global Corruption Barometer’ (Latest-2006) which goes on to report
-that a very large percentage (19%, which is higher than any other country in the world except Latin America) of US citizens believe that their Government is not only disinterested in fighting corruption, but is actually ENCOURAGING IT.
It also shows that Malaysia is affected by Bribery to a similar amount at a WHOPPING less than 5%, keeping company with other paragons of virtuous societies such as Norway, Singapore, Austria and surprise…..USA.
