Name: Three myths about corruption
Uploaded: 2013-02-20T15:59:55Z
Duration: 17 min 53 s
Description: Trinidad and Tobago amassed great wealth in the 1970s thanks to oil -- but 2 out of every 3 dollars earmarked for development ended up wasted or stolen. This fact has haunted Afra Raymond for 30 years. Shining a flashlight on a continued history of government corruption, Raymond gives us a reframing of financial crime.

Trinidad and Tobago amassed great wealth in the 1970s thanks to oil -- but 2 out of every 3 dollars earmarked for development ended up wasted or stolen. This fact has haunted Afra Raymond for 30 years. Shining a flashlight on a continued history of government corruption, Raymond gives us a reframing of financial crime.

Three myths about corruption

Corruption is a pervasive economic crime that siphons away public wealth and trust. In Trinidad and Tobago, two out of every three dollars from a 1970s oil windfall vanished through waste or theft. Far from being minor, corruption can eclipse even the largest national expenditures, fueling outrage and protest. True change demands transparency, accountability, and an end to the myths that minimize its scale.