Corruption

“Democracy without constant vigilance against corruption is an un-stable, unmoored thing, subject to gusts of whimsy, and likely to collapse.” “The meaning of the concept of corruption  is at the center of the most vital legal dispute in our democracy one that threatens to unravel what the framers of the US constitution built.” - Zephyr Teachout, Corruption in America: From Benjamin Franklin’s Snuffbox to Citizens

 

“The concept of corruption is at the center of the most vital legal dispute” says Zephyr Teachout, author of “Corruption in America”. Why should business care? Because it’s “impacting the survival of US democracy [and] threatens to unravel what the framers of the US Constitution built.” The framers, corruption—situations where politicians & public institutions serve private interests at the public’s expense—as a danger to the new republic & created safeguards. Today’s Supreme Court narrowed the definition to 1 thing: explicit bribery. Thus its Citizens United decision gave corporations the right to spend limitless money to influence elections (in SCOTUS-speak, gain democratic responsiveness). With unlimited spending transforming US politics for the worse, warns Teachout,” the American experiment in self-government could collapse.” Are there remedies? Teachout, who is challenging Andrew Cuomo for the Democratic gubernatorial nomination, gives us practical, constitutionally sound ideas.

Why should international business care how the U.S. Supreme Court defines corruption? Well how many of us really want to get in a continual bidding war for legislator access? Or be force to compete in a world of crony capitalism?

The framers of the U.S. Con-situation, says my guest,Zephyr Teachout, saw cor-ruption as a danger to their new republic. It went, In their view, beyond “blatant bribes and theft from the public till” to encompass “many situa-tions where politicians and public institutions serve pri-vate interests at the public’s expense.” In writing the Constitution they crafted many clauses to keep corruption out of interactions between representatives of government and private parties

Since the 1970, the Supreme Court has narrowed the defini-tion to one thing: quid pro quo exchanges, i.e. explicit bribery.  Using this logic, its 2010 Citizens United decision gave corpora-tions the right to spend limitless money to influence elections (in SCOTUS-speak, gain democratic responsiveness).  “With unlimited spending transforming US politics for the worse,” warns Teachout,” the American experiment in self-government could collapse.” If it is have a future, “then we must revive the traditional meaning of corruption and embrace an old ideal.” But How? Be sure to tune in for Global Reach with Host Té Revesz “The Arrogance of Institutions: Zephyr Teachout on how the Supreme Court redefined Corruption and put U.S. Democracy at risk

Zephyr

 

Teachout, who is also challenging Andrew Cuomo for the Democratic gubernatorial nomination, has come up with a number of eminently practical & constitutionally sound ideas that can help restore responsive government and level the playing field. 

GloablReach

We are all operating in a dynamic global marketplace, whether we reach across borders to find new customers and fresh ideas or face overseas competitors in our home market.Global Reach embraces the opportunities and challenges we encounter when operating in multiple countries and cultures. We talk with entrepreneurs and executives about their strategies for winning in fast changing world markets: cross-cultural communication, global branding, media and marketing, transportation and manufacturing, the future of finance, alternative investment strategies, innovation and IP protection.Global Reach interviews thought leaders about 21st century megatrends that impact international entities: trends like the business and politics of sustainability, the morphing nature of competitiveness, globalization, global companies vs national governments, worldview and growth prescriptions, emerging markets issues, and the corporate impact on society (governance, ethics and leadership).


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