U.S. Corporations, Politics Getting More Corrupt, Surprising Nobody
http://www.nationofchange.org/us-corporations-politics-getting-more-corrupt-surprising-nobody-1342098635
The United States is getting more corrupt. So says Transparency International, which ranks the country the 16th least-corrupt in the world in 2001. By last year, the United States fell back to 24th place.
Why is corruption spreading? A recent New York Times story fingers everything from globalization to rising income inequality, as well as the growing role of corporate money in political campaigns. Yet, while corporations are spending more than ever on political campaigns, weve also recently seen a noticeable uptick in corporate corruption scandals.
Have corporations lost whatever ethical compass they once had? Are Americans even remotely surprised by the misconduct of the financial industry?
Thats what the New York Times asks, in light of the recent Libor-Barclays scandal. What does it mean when one of the worlds leading banks attempts to manipulate an incredibly important interest rate and we barely blink?