Tag: collusion

Categories
Economy

Corporate “Social Responsibility” – An Alibi For Perilous Deregulation

"These business leaders from the companies Salco-Brand, Ahumada and Cruz Verde were in fact convicted"
"These business leaders from the companies Salco-Brand, Ahumada and Cruz Verde were in fact convicted" Juan Pablo Ortiz

–OpEd– SANTIAGO – After four long years in court, the 10 Chilean pharmaceutical executives prosecuted for colluding to raise the prices of 222 medicines can breathe easy. These business leaders from the companies Salco-Brand, Ahumada and Cruz Verde were in fact convicted, but the sentence amounted to a meager fine — the equivalent of $445,000 […]

Categories
Ideas

Does China Have The Stomach To End The Public Feast Of Corruption?

Each year Chinese officials spend 300 billion RMB ($48 billion) of public money just for eating
Each year Chinese officials spend 300 billion RMB ($48 billion) of public money just for eating Ctny

Excessive feasting by public officials has a long and wide history in China. The fundamental source of its prevalence is actually not even the hearty appetites of the officials in question. These people are sacrificing a lot themselves in this banquet culture. On the lighter side, people may just lose a previously slim figure. In […]

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