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Watchdog: Few states actively fighting corporate corruption

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Thanks, Transparency International. Obviously the convention hasn't sharp enough teeth. Can we shame the worst performers into compliance?

1 ( +1 / -0 )

I note this is very carefully selected corporate corruption, as opposed to corporations trying to "incentivize" politicians into creating favourable laws, tax breaks etc. In which case a certain country in North America would be sure to win hands down.

Good on Japan for being up there with the BRIC countries...

0 ( +1 / -1 )

Money talks, and always will. It's why we need regulations, but it's a hard balancing act between fighting corruption and allowing the market to work properly. A little too far either way and we get chaos. I wholeheartedly agree with Mlodinow. Governments need to listen to business, but politicians are elected to represent the people. A health economy is good for the people, but a corrupt legislature is not.

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investigating and prosecuting companies that bribe foreign officials to win contracts, or dodge taxes and local laws

Sorry, but the title of the article is entirely misleading. The problem is not "corporate" corruption, but government corruption. Corporations can only be corruptible if there are politicians willing to accept the bribes, kickbacks, or graft. And anyone who knows anything about politics knows that politicians don't run for office for the salary, or for the sake of doing good for society. We have senators in America who have become millionaires during their political careers, go figure.

The article also says that only 4 of the signatories to the treaty were investigating corruption, once again meaning that it is officials who are corrupt.

It is not usually corporations who scout out politicians to bribe, the reverse is usually true. It is funny to try to get a license or permit for a project, or to bid on a government contract, and then listen to the indirect hints or blatant demands by politicians or bureaucrats who hold a cord around the neck of your business, and are all too willing to pull it if you don't give them a little something in return. This problem is bad enough in developed countries, and in developing countries, there is no other option, if you don't pay, you can't play.

-1 ( +1 / -2 )

No need to bribe a foreign government if your military spending is more than the rest of the world combined and you have bases all around the globe.

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Ah well with Japan's Secrecy Law in full swing, govt. corruption will only get worse. NHK is just a mouthpiece. Not to mention... Tohoku reconstruction - Yaks. Fukushima cleanup - Yaks. Olympic & other associated construction contracts - Yaks. Sigh...

1 ( +1 / -0 )

The list need rearrange one more time. Wall Street Bailout, the financial institutions who nearly broke the earth.

-1 ( +0 / -1 )

Maybe some of the countries who signed the ANTI-BRIBERY convention were BRIBED well enough to reconsider!

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"The worst category includes six of the Group of 20 global economic powers: Argentina, Japan, Russia, Mexico, Brazil, and Turkey."

Exactly. In Japan it's a means of promotion or other rewards, not enforcement of the laws.

-4 ( +0 / -4 )

No need to bribe a foreign government if your military spending is more than the rest of the world combined and you have bases all around the globe.

That doesn't follow. The corporations are the ones doing the bribing of politicians of foreign countries, and those don't have bases all around the globe.

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"It has become appallingly clear that our technology has surpassed our humanity," by Albert Einstein

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