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increasing evidence of illicit business practices among the highest earners Corruption is the core problem. I think that worry about corrupt businesses is mis
by crusso 13y ago
increasing evidence of illicit business practices among the highest earners
Corruption is the core problem. I think that worry about corrupt businesses is misplaced when a corrupt government is 10x worse.
everything from insider trading
There's a good example right there. Congress can inside trade. It's absolutely extraordinarily corrupt. They wrote a law a while back to prevent it when there was some press on it, but then quietly scaled back the restriction.
Consider this: Political office holders can lie to us outrageously and never face repercussions besides (perhaps) not being re-elected in a future cycle. You could list case after case of politicians who knowingly made definitive, verifiably false claims that have caused real damages to people. If they were officers of a public company, they would be sued into oblivion. They would be hounded by the Justice Department. But since they're in the political club, they've written the rules so that they can't be held accountable.
- markvdb 13y ago<quote>I think that worry about corrupt businesses is misplaced when a corrupt government is 10x worse.</quote> Worrying about private sector corruption misplaced? One shouldn't have to tolerate _any_ kind of corruption.
- crusso 13y agoDon't disagree, but in terms of priority on how we're going to fix the world...