>Does the King of Saudi Arabia (another candidate for wealthiest man) "own" everything in the country? I think he has the legal right to do anything with any thing. Does he own all "public" assets controlled by the crown, like Saudi Aramco (valued somewhere between $1trn and $10trn)? If not where's this distinction?
That is an interesting point, but in terms of the Russian Oligarchs I think part of the distinction is they are (and have been) attempting to export that wealth and diversify it so that if they do lose power they will still be insanely wealthy. Maybe not 200bn wealthy but still massively wealthy. That is why the Magnitsky act is so important [1], because it makes it harder for them to move their money out of Russia. Granted a lot of wealth is coupled with control over natural resources and industry, but the more I read the more I realize Russian (like probably chinese and US as well) money is everywhere and much harder to track. The Saudis I'm sure do the same things in terms of investment, but whether they do so with as much secrecy and in avoidance of sanctions I'm not sure.
> That is an interesting point, but in terms of the Russian Oligarchs I think part of the distinction is they are (and have been) attempting to export that wealth and diversify it so that if they do lose power they will still be insanely wealthy.
I don't see how that's an actual distinction because the same thing applies just as well to the house of Saud and Saudi Arabia in general. Do you honestly think the house of Saud didn't put a bit of wealth aside for the unlikely event they might be removed from power?
For whatever reason, it's become acceptable to just assume that certain countries are "ultra corrupt" while others are supposedly "corruption free". In reality, none of this applies because, in reality, the practices of corruption just differ from country to country depending on the local laws.
Corruption always finds a loophole and in many places established forms of corruption are not even recognized as such. Case in point: Germany
How many people would think Germany is a country ripe with corruption? The super punctual, super correct, super bureaucratic Germans could never be corrupt, right?
Well, Germany was among the last countries who ratified the UN convention against corruption, as a matter of fact, it was the last EU country to ratify it. It took German parliament 11 years [0] to ratify that UN convention against a lot of opposition. High profile German politicians publicly complained that if the UN convention was ratified it would be impossible for them to keep working like they've been working.
That's quite long and vehement opposition against something that would usually just be regarded as the sensible thing to do, I'll leave the reasons for that strong opposition up to your imagination.
For a case in point, there's a high profile (potentially involving the PM) investigation ongoing about a kickback paid by a German shipbuilder to Israeli Navy/Government buyers in order to secure an order for submarines.
But... I don't agree with your leanings. All countries are corrupt to some degree, but degrees do vary. I think it dangerously lends to extremism, thinking of issues of corruption in either-or terms or some close proxy.
Well, the best case in point in that regard is having a finance minister with a well-known past of money laundering (Schäuble) and a former, well renowned, Chancellor valuing his back-room dealings more than his duty to the country (Kohl's Ehrenwort).
Like many other German corruption scandals, these were never properly investigated/charged. With time people simply forget about this kind of stuff, but it happened and it very likely still happens because getting caught before didn't have any real consequences for them, so why would they stop?
> All countries are corrupt to some degree, but degrees do vary.
Indeed, but the practices of corruption also vary, often dictated by culture, so how does one really "measure corruption" in such a way that it's actually comparable? Imho that's quite a difficult, if not impossible, task because it involves a lot of subjective value judgments.
On that I agree completely. :) Lists, scores and rankings might be useful for generating political pressure but they’re measuring the unmeasurable, for practical scenarios. I also agree they are probably culturally biased, as I think you might be implying.
That is an interesting point, but in terms of the Russian Oligarchs I think part of the distinction is they are (and have been) attempting to export that wealth and diversify it so that if they do lose power they will still be insanely wealthy. Maybe not 200bn wealthy but still massively wealthy. That is why the Magnitsky act is so important [1], because it makes it harder for them to move their money out of Russia. Granted a lot of wealth is coupled with control over natural resources and industry, but the more I read the more I realize Russian (like probably chinese and US as well) money is everywhere and much harder to track. The Saudis I'm sure do the same things in terms of investment, but whether they do so with as much secrecy and in avoidance of sanctions I'm not sure.
[1] http://www.cnn.com/2017/07/21/politics/russian-adoptions-mag...