The world is drowning in corporate fraud,... money talks, and it is corrupting politics and markets all over the world.
There is scant accountability... two years after the biggest financial crisis in history, fueled by biggest banks unscrupulous behavior, not a single financial leader has faced jail.
Corruption pays in American politics as well... most corporate crimes go un-noticed... and politicians often look the other way when corporate behavior crosses the line.
Close connections of wealth and power with the law, make reining in corporate crime an enormous struggle. Politicians must emancipate themselves from corporate donations, to regain the ability to control corporate abuses.
This is a very tough challenge.. but how much longer can we continue on. The system is severely straining with the weight of all the many enormous issues burdening it, yet the powers that be would appear to have a very definite plan, with no indication they are willing in any way to relinquish even one iota of their control.
The Global Economy’s Corporate Crime Wave by Jeffrey D. Sachs - Project Syndicate
