NEW YORK (CBSNewYork) - For the first time in history, a majority of the people on Earth live in cities, WCBS 880′s Rich Lamb reported.
WCBS 880′s Rich Lamb On The Story
He said that makes it imperative that cities everywhere develop strong, independent efforts to fight the corrosive impact of corruption.
“Corruption, in fact, victimizes everyone, not just one person,” Bloomberg told reporters at Fordham University’s Lincoln Center campus on Thursday. “I’ve always thought that corruption is worse than somebody walking in with a gun and holding up a store. Corruption takes, basically without the gun, takes away from everyone.”
His Honor said that corruption siphons off more than five percent of global GDP every year – the equivalent of more than $2.6 trillion.
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