Post
Topic
Board Economics
Re: Help PHilippines: billions wasted on flood projects
by
iv4n
on 09/09/2025, 11:58:54 UTC
30% skim --> 100% floods.

You won't fix this with another ribbon-cutting; you fix it with sunlight.

No cash. All payments traceable, in escrow, released by milestones. Publish the BOQ, contractor, change orders, and GPS-tagged progress photos on a public dashboard (even a simple chain-backed log). Engineer + COA + community rep sign before funds move. Random third-party audits and whistleblower protection.

Blockchain won't build levees, but it can make stealing in the dark a lot harder. Sunlight is cheaper than sandbags.

Nice comment... and I think you hit the point. There's a way to put an end to corruption, but people need to wake up.

...
now they’re saying there could be dozens of ghost projects too, money gone and nothing ever built.

Well, here we have a joke... It's a very old joke:

Quote
A Serbian guy visits his friend in Greece. The Greek has a house by the sea, a fancy car, a yacht… The Serb asks: “Man, how did you get all this?”
The Greek points and says: “See that bridge? I took a meter from one side and a meter from the other.”

Later, the Greek guy came to Serbia. The Serb now has a bigger house, more cars, and even a helicopter. The Greek asks: “Wow, how did you get all that?”
The Serb smiles and says: “See that bridge?”
The Greek looks around: “What bridge? I don’t see any bridge.”

Hard truth...