Beyond Theft: The Quiet Corruption of White Elephant Public Spending
Not all corruption involves under-the-table cash envelopes or missing funds. Some of it hides in plain sight – in government projects that are fully-funded, proudly inaugurated, and loudly celebrated. Yet, these projects quietly fail to deliver real value to the public. Economists call these White Elephants. For the purpose of this discussion on public spending and governance, we will use the Merriam-Webster definition of a “property requiring much care and expense and yielding little profit.” According to this extensive blog entry, the term originated from actual white elephants in Southeast Asia. While normal elephants served as beasts of burden, white elephants were sacred to Buddhists—so rare and valuable that only kings could own them. The problem? Elephants are costly to maintain, and a sacred white

