[lbo-talk] Mises Institute defends bribery

joanna 123hop at comcast.net
Mon Aug 8 10:32:52 PDT 2005


Doug Henwood wrote:


> In Defense of Bribery
>
> by Pierre Lemieux
>
> <http://www.mises.org/story/1884>
> [Posted on Monday, August 08, 2005]
>
> The Wall Street Journal of August 5 reports that the U.S. Department
> of Justice is pursuing a criminal investigation of the Mercedes unit
> of German car manufacturer DaimlerChrysler, suspected of having paid
> bribes in many countries, especially in Latin America and Africa. As a
> company listed on the New York Stock Exchange, DaimlerChrysler is
> subject to the 1977 Foreign Corrupt Practices Act, which forbids
> paying bribes to foreign officials (bureaucrats or politicians). The
> Securities and Exchange Commission is also investigating.

Another step in the direction of Official Capitalist Lawlessness.

Joanna



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