Smuggling, Customs Fraud and the Bill Being Paid by All of Us

Everyone is talking about flood control scams right now. Thanks to Congressman Zaldy Co’s three-part video exposé , corruption headlines are all about ghost projects and overpriced construction. Co’s claims, whether proven in court or not, point to systemic, organized corruption coming from the very top. It’s not just a few bad apples. But hold up—overpriced infra is just one type of corruption. In an earlier post that I have on the economic effects of corruption there are  other sources of corruption. This post looks at something that is as insidious as overpriced infrastructure, but rarely gets the same spotlight: Smuggling and Customs Fraud.   How Bad is Smuggling and Customs Fraud? It is a massive problem: The Bureau of Customs (BOC) seized a record

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