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Marcuse

(7,487 posts)
Wed Dec 4, 2019, 04:34 PM Dec 2019

Trump's position on corruption? He's for it.

[link:https://qz.com/927217/one-of-the-worlds-best-weapons-against-bribery-and-corruption-is-under-threat-from-trump/|

The Foreign Corrupt Practices Act is the jewel in the crown of America’s fight against international business bribes and corporate favors. Intended to promote American business and foreign-policy ideals around the world, and give US companies a tool to battle corruption abroad, it has also helped other countries crack down on bribery, and has extracted billions of dollars in fines.

But under US president Donald Trump, it may lose its bite, according to anti-corruption activists, Democrat lawmakers, and legal experts. At worst, some worry, he could try to repeal it altogether.

As Trump put it in 2012: ”Now every other country goes into these places and they do what they have to do,” he said. “Every other country in the world is doing it—we’re not allowed to.” (“It,” of course, means bribery.) In his 2011 paper, [Jay] Clayton, Trump’s SEC nominee, wrote that FCPA compliance costs put US companies at a “competitive disadvantage” to their rivals.


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Trump's position on corruption? He's for it. (Original Post) Marcuse Dec 2019 OP
What about the wages of sin? rsdsharp Dec 2019 #1
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