5 ms·

Problem is that foreign entities bribing in foreign cultures is an even worse form of imperialism. Big corporations with deep pockets could totally distort the

Problem is that foreign entities bribing in foreign cultures is an even worse form of imperialism. Big corporations with deep pockets could totally distort the market in these countries by bribing generously instead of competing by merit. It’s bad enough that lobbying (some may call it bribing) money plays such a big role in US economic policy so let’s not make it even worse. Especially large scale bribing corrupts countries and their culture. Capitalism is only useful if there is honest competition in the market.

jhanschoo 5y ago
> Big corporations with deep pockets could totally distort the market in these countries by bribing generously instead of competing by merit. As opposed to the market in these countries already being distorted due to domestic bribes? > Capitalism is only useful if there is honest competition in the market. It's therefore not clear to me how a market under such a corrupt regulatory regime is already well-served without the supply-side bribing one's way in, when the cost for an enlightened business owner to be a legitimate player is already bribery. On the flip side, with bribery, the bribery cost to do business for well capitalized foreign players is higher, so there are dynamics that work against the foreign imperialist in a corrupt regime.