Corporate Corruption Is A Necessary Evil Essay
Today, from pretty much in every country in the world, from Russia all the way to the United States, there is so much corruption out there, not even our own companies are 100% trustworthy. Today, many American companies have been lobbying against the law with bribery, illegal imports, and political control. Over 60% of companies in the U.S have been involved in some type of corruption. Some biased conspiracy theorists say that corporate corruption is a necessary evil, but many other people say it is unfair and corruption is a practice that breaks trust and loyalty. We buy from the biggest companies in the world today, like Wal-Mart and Sam’s Club, but there are many companies out there today that are dishonest and untrustworthy, buying out politicians and bribing foreign officials.
Everyone has to know that corporate wrongdoing is a regular occurrence. As Nobel Laureate Kenneth Arrow once said: “Virtually every commercial transaction has within itself an element of trust.” That pretty much means that capitalism, which is an economic system in which a country’s trade and industry are controlled by private owners, cannot function without trust. Without trust, there is no such thing a “company for the people.” But in a way, temptation to bend the rules is highest toward an economic upswing.
We typically find out about fraud after the economic booms have turned to bust. Warren Buffet said “you only find out who is swimming naked when the tide goes out.”…