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Crypto Capture of Foreign Aid

100 points · 37 comments · bko

  1. raincom · · focus · HN ↗
    It is common to hear phrases such as "Mr 10 percent" as a reference to powerful leaders in various countries. For instance, Pakistan President Asif Ali Zardari is called "Mr 10 percent". 10 percent cut from every contract. This is not unique to Pakistan. In India, many regional party leaders (basically, they and their family own the political party) want 20 percent cut.

    When one hears 2-6%, it is just the floor.

    1. binlog · · focus · HN ↗
      Don’t need to look that far. The person in the White House is doing the same thing.
      1. raincom · · focus · HN ↗
        The corruption elsewhere is of different order. In US, one can bid up four times normal, one at least delivers the quality. Elsewhere, roads fail, buildings fall, bridges collapse, pipes burst upon the first use, ...
        1. georgemcbay · · focus · HN ↗
          > In US, one can bid up four times normal, one at least delivers the quality.

          Did you miss the entire Lincoln Memorial reflecting pool disaster?

          <a href="https:&#x2F;&#x2F;www.nytimes.com&#x2F;2026&#x2F;09&#x2F;11&#x2F;climate&#x2F;reflecting-pool-contractor-trump.html" rel="nofollow">https:&#x2F;&#x2F;www.nytimes.com&#x2F;2026&#x2F;09&#x2F;11&#x2F;climate&#x2F;reflecting-pool-c...

          Or alternately, why should anyone believe that was a one-off event and not the new normal for recent no-bid contracts being awarded by an obviously corrupt administration?

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