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For companies there is competition. If a company is significantly more corrupt than its competitors, then it may not be competitive (unless it has some other si
by zajio1am 7y ago
For companies there is competition. If a company is significantly more corrupt than its competitors, then it may not be competitive (unless it has some other significant advantage) and perhaps will go bankrupt. That is another reason why monopolies and oligopolies are bad (as this anti-corruption mechanism does not work for them).
Although it is in principle possible to have multiple competing unions, it is often forbidden (either by law or union contract) and many companies are anyways small enough market.
- colechristensen 7y agoI would think of company corruption in the opposite direction. It's pretty stupid to steal from the company you work for, better use your position in the company to steal from others. Corruption makes you more competitive (e.g. Uber ignoring local taxi laws) and the chicken shit judiciary is extraordinarily hesitant to charge companies (think of the jobs!). The perfect crime in modern times is to think up some convoluted fraud with your company making sure that it's too difficult for a jury or layperson to explain in terms where it is obviously wrong (e.g creating derivatives several layers of abstraction away from mortgages and exaggerating their risk profile). The prosecutors just aren't pursuing cases which aren't easy wins.