Corruption

It's about time someone starts telling it like it is about corruption in the Third World.

The Forbes article linked to above says the following about a recent Transparency International survey:

Africa is clearly the most seriously corrupt region, since nine of the 16 most seriously corrupt nations are on that continent, with Chad occupying the No. 1 spot. In 2002, the African Union estimated that the continent was losing $150 billion a year to corruption, and things haven't improved much since.

$150 billion annually?!?

Imagine how many vaccines, textbooks and meals that could buy year over year.