With corruption, we all pay.
When corruption occurs, it affects every public sectors of a government, such as construction industry, health domain, education etc...
In the construction industry the problem is recurrent.
For example in China, since 2004 there is a massive boom on real estate, in 2014, for the 3rd time the real estate business is 30% of China G.D.P, but, instead of calculating the real estate G.D.P through property sales, the government calculates it through property construction which lead to this dramatic inventory of over 64 million empty houses and at least 11 major ghost towns.
At the end of 2009 China has 5,6 billion square meters of property under construction, which the government seized by fear, force, and by saying to land owners that they will get a compensation , which most of the time isn't enough for the families to buy a new home. Same problem happened in Russia during the preparation for the Sotchi winter Olympic Games where there were similar cases of expropriation and cases where the government even refused to classify residents as residents to steal their land from them.
Of course, as in China and Russia, the people taking the benefits of those events are the building contractors, those who are close to the government in place, that overprice their contract, and are not judged for their actions while people pay the price for them. In China approximately $5 trillions have been stolen by those building contractors and in Russia $30 out of $50 billions have been used in bribery and given to the contractors.
When corruption occurs, it affects every public sectors of a government, such as construction industry, health domain, education etc...
In the construction industry the problem is recurrent.
For example in China, since 2004 there is a massive boom on real estate, in 2014, for the 3rd time the real estate business is 30% of China G.D.P, but, instead of calculating the real estate G.D.P through property sales, the government calculates it through property construction which lead to this dramatic inventory of over 64 million empty houses and at least 11 major ghost towns.
At the end of 2009 China has 5,6 billion square meters of property under construction, which the government seized by fear, force, and by saying to land owners that they will get a compensation , which most of the time isn't enough for the families to buy a new home. Same problem happened in Russia during the preparation for the Sotchi winter Olympic Games where there were similar cases of expropriation and cases where the government even refused to classify residents as residents to steal their land from them.
Of course, as in China and Russia, the people taking the benefits of those events are the building contractors, those who are close to the government in place, that overprice their contract, and are not judged for their actions while people pay the price for them. In China approximately $5 trillions have been stolen by those building contractors and in Russia $30 out of $50 billions have been used in bribery and given to the contractors.
