The First World’s Whore

“The CAP(1) is estimated to cause the developing countries a welfare loss in the region of US$20 billion annually, which is twice Kenya’s entire GDP. This is according to a report by international monitoring organisation, Global Financial Integrity (GFI), which released a new report on illegal capital flight this week. The report tracks illegal outflows from 2003 to 2012.”


“South Africa is losing roughly R147-billion per year to the illegal movement of money out of the country.”

“WASHINGTON, DC – A record US$991.2 billion in illicit capital flowed out of developing and emerging economies in
2012—facilitating crime, corruption, and tax evasion—according to the latest study released today by Global
Financial Integrity (GFI), a Washington, DC-based research and advisory organization.”

(1)The Common Agricultural Policy (CAP) is the agricultural policy of the European Union.

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