Reducing corruption takes a specific kind of investment | Efosa Ojomo

[@Corn_DOG]

When I was in Ghana I asked a teenage boy, 'What do you want to be when you grow up?' He responded instantly and enthusiastically "I wanna to be a politician!" I was very impressed and asked what do you want to do as a politician. He responded bluntly "That is how you get all the money" **Palm to face**

[@PHlophe]

Jase, this applies to America very well. just look at how many politicians are bought . the kid wasn't wrong

[@TidjaneTall]

This is a very insightful take on corruption. There is still hope ✊

[@sahinyasar9119]

Nope

[@xxs0ulxx1]

there has been "still hope" for 60 years. keep waiting buddy

[@paxundpeace9970]

In the US Cops are well paid and still often steal money or deal drugs insane.

[@gigglysamentz2021]

Wow this is such a good speaker!

[@kirangouds]

This is very true, my father work in govt department. He used to take bribe just to meet our family daily needs. Then after many years he started real-estate business along with the work it paid off really well. Now he helps people in return never takes a single rupee

[@Thatguyy7439]

Technology *is* liberty. Democratizing solutions (making them inevitably available to everyone) always leads to prosperity. 💥 ❤️ 💥

[@gudyk919]

read it before, creating the market when there is none. The hardest thing was to have electricity and the road which leads to the most remote outposts of Africa, yet he found investors to build the roads and grid, respect him for celltell

[@r.rafaelmotas.5670]

Excellent this exposition. All citizen of a latino american country should watch this message, it explains of a perfect form like the corruption penetrates in a poor society. Dominican Republic in the house 🇩🇴

[@cerbahkamel316]

From Algeria I feel you 😢 Algeria have a tremendous resource but still 50yrs behind 💔

[@PHlophe]

Wallah, c'est partout pareil en fait. affreux.

[@MichaelWilliamsWMA]

HBS Prof Clayton Christensen & Efosa Ojomo pitched this talk to SXSW[Austin TX] and they rejected them and had AOC instead. I felt better about my SXSW rejections. TED talks are better than SXSW anyway. I talked to Efosa and he is a gentleman. Several years ago I helped 2 NGOs develop MOOCs in French for Congo & Portuguese= Angola. World Mentoring Academy MOOC is multilingual for 400 courses. And support 200+ College credit tests like AP. CLEP, DSST, etc. Students can earn over 100 College degrees from USA State Colleges for less than $8k books & College fees and earn it in their hometown.

[@crookedprojects]

got the conclusion very clear and not prolix like any other ted talks ive seen. great job! have hopes for our future

[@isaacthek]

Corruption resulting from and enforcing scarcity... The copyright and trademark office would like a word with you...

[@paxundpeace9970]

True.

[@jonneiss7562]

The above talk is 100% right on. From Plato himself, "poverty is the mother of crime." If people have good opportunties to live straight lives with decent income and benefits...the temptation to enter into crime just goes away and with it, most of the criminals.

[@pyschologygeek]

Success is liking yourself, liking what you do, and liking how you do it

[@NawidN]

And what is progress towards that goal? Is that not success too?

[@pyschologygeek]

@@NawidN if you like it if you satisfied then it is

[@rocketrocket1123]

Inorder to bring innovation, build infrastructure and create jobs, u need lots of money, manpower and planning. Where will these resources come from? From the stashes of corrupt officials. And the cycle continues until and unless an independent source of capital enters the field to support materially.

[@gigglysamentz2021]

A lot of things seem obvious but they're very well-put!

[@martinzumbuhl9160]

By the way, use the search engine "Ecosia". That is a nonprofit Company which spends almost all money they earn into tree-planting.☺👌👌

[@VladimirTolskiy]

Non-profits are the American form of corruption.

[@1anre]

Vladimir Tolskiy hahaha. The NGO/Charity tax-exempt scams eh

[@lbrasanchoo5290]

Justice delayed is justice denied

[@hellonomasonto]

I preach this to everyone!

[@RonnieD1970]

Excellent TED talk

[@Kakashi_Ramanov]

God bless you sir

[@abdullrahmanshammat5045]

this setuation is excestent in many contries

[@drakejohnson5386]

I can see the connection that the speaker is making, that lack of economic prosperity leads to corruption, but he forgot the unique South Korean element: the chaebols. chaebols are 8 elite families that run corporations with a cozy relationship with the South Korean government and, at times, the South Korean military. Basically (I suggest you do your own research) the chaebols are companies in a free market economy but are playing with a different rule book that gives them an uncompetitive advantage. South Korean has the nick-name of The Republic of Samsung as 1/5 of the population works for that company. I don't think South Korean is a model to hold up without mentioning the chaebols and the costs that come with it.

[@oversgame7842]

It is inevitable to happen, but at least everything is well known to the public, and some of the members of the family can be imprisoned, and they can not get away with the serious crimes compared to the more corrupted countries where the case of murdering can be closed with the money.

[@linahol6067]

I have Nigerian friends. They told me the same. I was so sad to hear that

[@biodunwisdom577]

I'm also hopeful about Nigeria too

[@bcole9439]

Great points but Nigerian government have so much money from oil but it’s not reinvested in the country . In some country yes lack of money is the source of corruption but in some countries it’s lack of true leadership foreign interventions and weak law enforcement is the problem

[@Corn_DOG]

I did find it funny that he characterized Nigeria as a poor country when it has the highest GDP of the entire continent

[@bcole9439]

Andria Jobin true but those revenues from natural resources can be use to invest and develop industries like Singapore

[@bcole9439]

Andria Jobin corrupt leaders are the problem in Nigeria bottom line

[@watchdiz91]

Awesome stuff

[@videomakville]

I have always felt that economic development has to come before political development. I don't see how it can occur the other way around.

[@ShafiqNazrin]

No pain, no gain.

[@ilyasa2588]

So the answer is inovation to reduces corruption to make economy growing good. So the government can investment to institution. Thats a good point of view.

[@AS-gz9qi]

But the systems designed like that to keep people struggling.

[@TheLivirus]

I recently listen to a talk about a rather *opposite* trend: Investment in a region's institutional quality can give a better return than investing in its infrastructure, because the return on investment in infrastructure diminishes with decreasing quality of governance. I think his talk relates to this paper: citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.169.8569&rep=rep1&type=pdf (Andrés Rodríguez-Pose, London School of Economics)

[@brilsonizinga5365]

I did like this topic,

[@andrewworth7574]

He's right in everything he says, he did however pass over the transition in telecom that's happened from them being state controlled institutions to existing in a competitive market place. Corruption (in terms of exploiting everyday people) is far more prevalent in state institutions than it is in businesses in competitive markets, Africa still has a long way to go to make it as easy to set up and run a business as it is in the richer countries. South Korea now ranks 5th in the Ease Of Doing Business, in 2006 it ranked 27th, Singapore, which made the transition to wealth a decade before SK ranks 1st, Georgia is a big mover up the EODB rankings and has a fast growing economy as a result. Only one 'African' country ranks in the top 30 in the index - Mauritius in 13th - which is by far the richest country per capita GDP in Africa, most other African countries are near the bottom of the list. To become wealthy a countries first step needs to be to unleash their domestic businesses from state subjugation.

[@andrewworth7574]

Countries EODB rankings: en.wikipedia.org/wiki/Ease_of_doing_business_index

[@johnnychang4233]

Excessive burocracy is what's give way to corruption. Because there are always shortcuts to be made for a profit.

[@ChristopherJManess]

Also, ensuring that the money stays within the area secures economic growth. If the money moves offshore, then the economy lessens.

[@BubunBeautyCare]

talking about telecommunications, in the past, very expensive. today, cellular competition makes cheaper telecommunications service price.

[@Nognamogo]

Too had the same isn't true with the duopoly of ISPs in the US. Only have two options, they're both bad, and they agree on higher prices in many places.

[@yinexcess]

Corruption = f (scarcity), using the concept of y = f(x) i.e. Corruption is a function of scarcity according to Mr Ojomo!!! The problem is, the solution presented is too simplistic. To get the full perspective, let us consider a three point approach to determining the logical solution to corruption. We need to: a) Analyse the components of x, i.e. x in itself is a permutation of x1, x2, x3, ......xn, xn+1 etc. In other words...why does scarcity exist? b) Define the limit of the components of x, i.e. xn - the point where the marginal contributions of any more components become insignificant to the problem of scarcity i.e. what are the key contributors to scarcity? c) Determine the interrelationships between the components of x. We know that the permutations are not infinite. Mr Ojomo is suggesting that innovation solves the problem of scarcity, thereby implying that innovation is the limit (xn) of scarcity (x). Too simplistic in my opinion! We already know that x2 and x3 exist because innovation requires infrastructure and resources as a minimum, and we have not even determined the interelationships between innovation, infrastructure and resources yet, so we have a problem with Mr Ojomo's logic already. Therefore I am not surprised that despite the positive contributions of mobile phone technology to revenue creation in Nigeria (for example), corruption remains rife. For example, increase in tax revenue has not resulted in better state funded education system in the country and a decent primary education continues to elude the poor. Mr Ojomo's logic is not wrong but just incomplete. Hence the prosperity paradox remains "prosperity for the privileged few".

[@정주영-o4d6k]

According to messages, corruption is goods about privilege

[@jisaacb8148]

Good presentation, but why do we have such corruption here in America, in the land of plenty?

[@AnyaEhrim]

My guess is that we have so much that our own government is being bribed by corporations to make things (jobs, money, health, education, etc) seem scarce in order to keep prices high. I'll have to look into it a bit more, but it seems logical enough.

[@gigabuyceps]

Corruption will never end until there is one unhappy person and this system unable to make majorities happy.

[@paxundpeace9970]

You can't end corruption but you can manage it.

[@大外酸]

Say something about China. What if a country only plunder resources, capitals for its state own enterprises to prosper.

[@snitox]

Nigerian Prince slayer

[@thetruths7389]

How many millions of $ of bribe did the phone CEOs have to paid the officials to get their companies started and continue.

[@cezarwat395]

GLOOMY Voice переведите это видео! Вот точно то что Оооочень актуально в России!

[@brunorcabral]

Em outras palavras, Privatiza a porra toda!

[@kajuskajus8699]

Can you make animation the January 13 Lithuania

[@m3tasc0ut]

How do we heal someone with a lack or diminished capacity for empathy, which imo is the foundation of corruption? Ideally, these people, upon being identified should be barred from holding any sort of position in society with potential for significant influence. But where are the resources to then eventually provide the care these people need to return to health? I don't believe we're looking in the right direction when it comes to mental/emotional health, and I don't believe we currently have a true understanding of all facets of illness to be able to provide proper care. While this is the truth, people will remain sick, they'll remain in power, and corruption won't go away.

[@bcole9439]

Death penalty for the corrupt is the only solution . But no cat would want to trap itself . So it will never pass as a law

[@bcole9439]

Loktakpat Tonda that law will never pass so best way is assassination of corrupt government officials

[@artcid3314]

But reinvesting will blocked by the constructed market. Population are telephony-mans, and worked places are created, one unit can't work seriously on 2 places. And corruption's masters don't give up so easy, they should criminal fight for power over his market.

[@mphamphatso8136]

I do not agree with his take. Of course it is seemingly true in certain specific cases but when you look at the broader picture, you find that corruption is about greed as the main driver. Corruption can actually block development. The problem we have in Africa is that people lean on government and as such we have very big governments. This results in higher taxes and lower wages for civil servants and then corruption happens due to both greed and low wages.

[@hansolo7205]

Are sure you are not describing China or India?

[@rjsdjvh]

한국 이야기가 나오네요

[@marykinuthia5780]

Corruption is born in the home. just saying!

[@ale.wist.]

come in italy, mafia (government) waiting for you

[@supernova9886]

I disagree with him, fighting corruption leads to prosperity not the other way round

[@nkwhph]

I disagree! Corruption and poor leadership is at the CORE of Africa's issues...not innovation!

[@velucadhirim6725]

This video explains why capitalism is the best economic model right now.

[@911Salvage]

How?

[@OneIroNauT_1]

You're joking right? Look at the legal corruption that has entrenched itself in The U.S. and other Modern Democracies. Corruption has led to laws and regulations that enable more corruption. This guys whole premise is wrong regardless. Corruption in his phone analogy just led to other higher forms of corruption. Start imprisoning and Trying people for crimes against humanity with a sentence that will actually deter future corruption.

[@paxundpeace9970]

Angebot und Nachfrage Markt

[@FunBotan]

Yeah, yeah, the cure for every problem is more capitalism. Typical TED.

[@jerimymccray]

Innovative cure every problem. Capitalism is one path to innovation but there are others.

[@bookwormdeluxe328]

1st comment

[@blackbunny4985]

Noone cares good bye

[@velucadhirim6725]

@@blackbunny4985 you care enough to respond. Stop responding to first comments and maybe people would stop doing them.

[@ruileite4579]

Potassium

[@metaphor239]

Corruption comes with consequences. If the money to corruption ratio isn't right, no one will do it. It's not worth the discomfort. Thanks for something we've all known