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December 31, 2021

Canada one of least corrupt nations: report

It seems that this was the year of the Ponzi scheme in North America. Nearly four times as many such scams unravelled in 2009 than 2008.

Unfortunately, it’s clear that no region of the world is immune to the perils of fraud and dishonesty, according to Transparency International’s 2009 Corruption Perceptions Index

The vast majority of countries score below five on a zero-to-10 scale measuring perceptions of public corruption, with zero the worst and 10 the best, according to the international watchdog.  

The index, which is an amalgam of expert and business surveys, shows that corruption generally spirals out of control when civic institutions are weak. Not surprisingly then, at 1.1, war-plagued Somalia, with its crumbling government infrastructure, is the world's most corrupt country, followed closely by Afghanistan at 1.3.

The highest scorers are New Zealand at 9.4, Denmark at 9.3, Singapore and Sweden tied at 9.2 and Switzerland at 9.0. These scores reflect political stability, long-established conflict of interest regulations and solid, functioning public institutions, Transparency reports.

Canada scores 8.7, placing it in eighth place among 180 countries – a bit of an optimistic ranking if National Post columnist Father Raymond J. de Souza is to be believed. 

In his view, we should be way down the list – largely because our justice system is corrupt: “Not the corruption of bribing a judge, but rather the deeper corruption of a system which seeks convictions rather than the truth. It is the corruption of a system that puts innocent people in jail,” he writes.

And things will only get worse, he maintains now that “a willfully obtuse federal government is determined to create more criminal offences, impose longer jail sentences and grant the prosecutorial state ever more powers.

What do you think? Are things really that bad here in Canada?

By Gordon Powers, MSN Money



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Gordon PowersGordon Powers

A long-time fund company executive, Gordon Powers now heads up the Affinity Group, a financial services consulting firm. Gordon was a personal finance columnist for the Globe & Mail for many years, has taught retirement planning...

Jason BucklandJason Buckland

The modern-day MC Hammer of money, Jason can often be seen spending cash that isn’t his with the efficiency of a Wilt Chamberlain first date. After cutting his teeth as a reporter for the Toronto Sun, he joined the MSN Money team with...