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Thursday, May 10, 2012

Catch These Corporate Bribers And Put Them In Jail

Wrangling over anti-bribery law rages on, with top firms facing investigation ... The U.S. anti-bribery law that Wal-Mart may have violated in Mexico has ensnared leading companies from virtually every sector of the economy as federal prosecutors increasingly crack down on a wide range of transgressions, from improper accounting to giving foreign officials computers and bags of cash. The list of those facing federal bribery inquiries stretches well beyond 100 and includes prominent names such as Pfizer, 3M, Goldman Sachs and Alcoa. Even icons of corporate responsibility such as General Electric and IBM have paid hefty sums to settle allegations, part of a broader effort that has netted the government billions in fines in recent years and landed some executives in prison. – Washington Post

Dominant Social Theme: These corrupt multinationals need to be reined in. The US prosecutorial system is there to act, thank goodness.

Free-Market Analysis: There is a manufactured "surface" conversation in this world and then there is reality.
The reality is that a secretive power elite has taken over the West, seeks to rule the world and uses mercantilism to achieve its objectives.

Mercantilism is the usage of government laws and legislatures to achieve aims that advantage only a few who are basically in control behind the scenes.

This is the basic problem of modern regulatory democracy – which in its more aggressive postures is more oppressive for the larger polity than almost any monarchy.

Regulatory democracy seems to have been developed after the advent of the Gutenberg printing press rocked the powers-that-be, helped create the Renaissance, the Reformation and the republicanism and agrarianism of the New World.


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