Legal Corruption: the Cause of the Global Economic Crisis?
The multi-million dollar bonuses that American International Group (AIG) is handing over to nameless “executives”, after accepting billions in US taxpayer bailout money is, understandably, causing a great deal of alarm in the media and American public in general.
This massive misallocation of wealth, and the government’s inability or unwillingness to prevent it, is exposing a system of “legal corruption”. As Errol P. Mendes explains, the ability of economic elites to influence the political oversight and regulation of their activities through lobbying led directly to the current economic crisis.
Mendes concludes with a call to fiscal responsibility, a concerted effort to root out corruption (including so-called “legal corruption”), and some way to encourage ethical behaviour among elites.
Sri Lanka: a plea for democracy
Sri Lanka: a plea for democracy Author: Sie Kathieravealu Originally Published at Peace and Conflict Monitor on 01/16/2009 In Sri Lanka, the trouble started due to discrimination and injustice and continues due to bribery and corruption. These may be the reasons for troubles in other countries too. Current wars have to be ended and new […]
Corruption: ‘Smoke and Mirrors’ Symptom of a Diseased Neoliberal World Order
In critique of the corruption-causes-poverty narrative, Tara Ruttenberg exposes the international community’s misguided attempts to combat poverty and inequality through the unfruitful anti-corruption policy agenda currently championed by leading development agencies.