Interesting insights. You get most of it right about Lebanon: Yes, you're right its all about money and maintaining the status quo. But its not so much about the neighborhood generators. To be honest, thats a bit low brow for Leb politicians. When we're talking about corruption its usually to the tune of $10s of millions. Case in point, look at the longtime central banker who funneled the nation's bonds through his brother's trading company and pocketed $300 million in commissions. [1] Now were talking real money.
With electricity, yes, its about vested interests - but its also about future interests. Who will control new power plants? New Power grids? New billing systems? Can we make sure that for each Sunni hired in this position we have 1 Christian and 1 Shia as well?
Interesting insights. You get most of it right about Lebanon: Yes, you're right its all about money and maintaining the status quo. But its not so much about the neighborhood generators. To be honest, thats a bit low brow for Leb politicians. When we're talking about corruption its usually to the tune of $10s of millions. Case in point, look at the longtime central banker who funneled the nation's bonds through his brother's trading company and pocketed $300 million in commissions. [1] Now were talking real money.
With electricity, yes, its about vested interests - but its also about future interests. Who will control new power plants? New Power grids? New billing systems? Can we make sure that for each Sunni hired in this position we have 1 Christian and 1 Shia as well?
Thats why nothing ever gets done in Lebanon.
[1] https://www.bloomberg.com/news/articles/2021-03-04/u-s-said-...