Corruption, unchecked, is a virulent and debilitating social disease.It has been known to make rich nation poor, caused political upheaval, infighting and civil wars.Each corrupt regime will be succeeded by even more corrupt regime, which eventually led to breakdown of good governance, destroyed the economic engines and brought miseries to its people.
Argentina, Philippines and Zimbabwe are prime examples of countries that used to be prosperous and had become poorer through many decades of being raped by corrupted regimes.
The Philippines got its independence from America in 1946 and was the most progressive country in the region in the 1950s and 60s.It was way ahead of other countries in South East Asia including Malaysia.It prospered under Diosdado Macapagal who was also known by his nickname "The Incorruptible".
Macapagal lost the presidency to Ferdinand Marcos in an elections in 1965.It was the beginning of the decline of the Philippines.Marcos became very powerful and ran a totalitarian regime and the most repressive in the region.His administration was marred with massive corruption, nepotism, despotism and human right violations.He stole billions of state funds and deposited them into overseas accounts.He was eventually overthrown by people power revolution.The Philippines had not recovered ever since. Corruptions seem to be growing, growing and growing with the blessings and involvement of many in government.
As they say "a leopard never change its spot" and in the case of the Philippines the spot seems to be growing bigger.Even loan taken from the World Bank for development project had not been spared from corruptions.The World Bank has it own department to monitor how governments spend loan given to them.They made a shocking discovery that $45 million out of the $150 million loan taken had gone into various forms of corruption.
Read the report below:
$45M LOST TO BRIBES FOR 'CARTEL' BACKED BY GOVERNMENT OFFICIALS
The irony of the whole issue is that now the Philippine government has turned the wheel around and accused the World Bank of fabricating the whole thing and threatened to arrest the Resident Director of the World Bank if he refused to attend a Senate hearing.
Read the report below:
SENATE, WB HEADED FOR SHOWDOWN
The saying "like father like son" may not hold true in the Philippines or, maybe, it doesn't apply to daughters.
The current President of the Philippine Gloria Macapagal is the daughter of Diosdado Macapagal also known as "The Incorruptible".