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It reduces the total global corruption incentive to have laws like FCPA enacted in every country. I suspect there are some interesting histories of the 1910s t
by xbar 4y ago
It reduces the total global corruption incentive to have laws like FCPA enacted in every country.
I suspect there are some interesting histories of the 1910s through 1950s where foreign development by oil companies led to spiraling corruption practices, for example.
- mc32 4y agoIf this were a universal convention of some sort with worldwide signatories, yes, ok. Otherwise this should be up to the discretion and jurisdiction of the local authorities, not a foreign body of law imposing its conventions extraterritorially.
- macintux 4y agoOn the other hand, companies as large as small countries can afford to buy off everyone who could enforce such laws locally.
- mc32 4y agoThis is true, but that's up to locals to decide what's acceptable in their society and not. Look, Ukraine, Russia and Nigeria are some of the most corrupt countries on the planet -we even have relatives of sitting presidents doing business with a few of the most corrupt governments, do we stop doing business with them, or do we stop aiding them till they adopt our morals?