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In theory it could unfairly handicap American companies relative to foreign companies. This doesn’t seem to have happened much in practice though so I support
by ummonk 7y ago
In theory it could unfairly handicap American companies relative to foreign companies.
This doesn’t seem to have happened much in practice though so I support the FCPA. Corruption is a big scourge in many countries and it is a really good thing American money is prohibited from exacerbating the issue.
- ebg13 7y ago> In theory it could unfairly handicap American companies relative to foreign companies. This really sounds a lot to me like "money good, ethics bad".
- SomeOldThrow 7y agoThat is basically a summation of “national interests” in the sense that politicians use it.
- mullingitover 7y ago> In theory it could unfairly handicap American companies relative to foreign companies. Seems like it would be sensible for the US to push the rest of the world to adopt the same law. We're able to push other countries to adopt our war on drugs laws, why not war on corruption?
- the_watcher 7y agoMany countries do have laws against corruption, but it's so institutionalized that the laws are functionally toothless.
- shkkmo 7y agoSee: https://en.wikipedia.org/wiki/OECD_Anti-Bribery_Convention https://en.wikipedia.org/wiki/OECD_Anti-Bribery_Convention
- umanwizard 7y agoIn many (most?) countries in the world, the rule of law is not strong enough that you could expect these laws to be meaningfully enforced.