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Comparison with revenues from crime

Reader comment on item: The Curse of Oil Wealth

Submitted by Petrus C. van Duyne (Netherlands), May 21, 2010 at 18:17

I am doing research on crime-money and laundering. It is interesting to observe that all the fear about crime-money and laundering is so exagerated compared to monies from other bonanzas, like oil. The way these monies are spent, or rather spilled, hardly differs. The difference is that the purported effect of crime-money (particular drug money) on the economy and our financial system is much smaller that the effects of the money from oil or other financial windfall. And certainly much smaller that the multi-billion effects of the greed of the irresponsible banking top management. Still, we have a costly global anti-laundering regime.

For more information on my research: see www.cross-border-crime.net

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Reader comments (10) on this item

Title Commenter Date Thread
The Curse of Oil Weath [50 words]robert ngobiJun 2, 2010 04:02173717
Comparison with revenues from crime [110 words]Petrus C. van DuyneMay 21, 2010 18:17173208
OIL! POWER! What If it wasn't ARAB - MUSLIM BIGOTS who suck us to the bones at the pump [249 words]AlJul 15, 2008 01:50135123
The world in a stranglehold [172 words]S. ImmanuelJun 17, 2008 04:19132353
funny , with all this oil and they are still " poor " . Why ? [195 words]Phil GreendJun 8, 2007 03:0596694
The death of Innovation [118 words]AngelFeb 26, 2009 17:3196694
they are like in communism world. [13 words]junjieJun 16, 2009 14:0496694
About iran [51 words]MahtabJul 15, 2006 13:0549742
The course of oil wealth [2 words]Nelson Iriñiz CasásMar 5, 2005 08:5120669
What about Non-Oil Producing Arab Countries? [69 words]Mariam A ZedMay 20, 2002 22:02410

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