Paul Wolfowitz, apparently a genius, “architect” of the Iraq policy, former Deputy Secretary of Defense, placed fighting corruption at the top of his World Bank Agenda. And I agree with him. Corruption weakens the institutional framework for democracy and effective markets. Too bad he is bald-faced hypocrite:
Wolfowitz Apologizes For ‘Mistake’ – washingtonpost.com
World Bank President Paul D. Wolfowitz publicly apologized yesterday for the “mistake” of personally orchestrating a high-paying job and guaranteed promotions for a bank employee with whom he is romantically involved, as new details of his role in the arrangement emerged and staff members angrily demanded his resignation.
Will his super star status among the media and policy elites finally come down a notch? Not only do his actions smack of nepotism and corruption, but he arrogantly commanded the World Bank to guarantee her the highest possible performance review. Is this the kind of meritocracy and integrity he learned in that vaunted temple of free market economics, the Univeristy of Chicago? I hope not. The best we can hope for is he developed this coat of slime in the normal gutters: government and politics. What a great choice to have to make (sarcastically).