Acton Institute Powerblog Archives

Post Tagged 'Political corruption'

Angus Deaton schools Italians on economics

But was anyone listening? That’s my question after attending the 2015 Nobel-prize-winning economist‘s talk last night in Rome at the Vatican-sponsored Cortile dei gentili (Court of Gentiles). Like the other speakers, Deaton voiced his concerns about income inequality. Continue Reading...

Just how bad is crony capitalism?

The Bosses of the Senate, a cartoon by Joseph Keppler. First published in Puck 1889. Cronyism is ugly. It hurts the economy, it’s unjust, and corrupts the core of democracy.  “The damage that cronyism has inflicted on the economy is considerable,” Samuel Gregg writes in a new piece for Public Discourse. Continue Reading...

How Does Your State Rank For Integrity?

When Americans think of corruption, we tend to think of third world countries where getting anything done often requires bribing local government officials. We tend not to have such problems here; our corruption is more subtle and sophisticated, and often involves state level lawmakers. Continue Reading...

How Corrupt is Your State Government?

Political corruption is the use of legislated powers by government officials for illegitimate private gain. While it isn’t as endemic in the U.S. as it is in some countries (Somalia, North Korea, and Afghanistan being the most corrupt), the problem still exists. Continue Reading...

Greasing Palms Makes For Dirty Business

If corruption were a global industry, it would be the third largest, accounting for 5 percent of the global economy. In many parts of the world, bribery and corruption are simply considered the price of doing business. Continue Reading...

Which U.S. States are the Most Corrupt?

There’s an old saying that corruption is authority plus monopoly minus transparency. That combination makes state-level governments especially prone to the temptations of corruption. A new study in Public Administration Review, “The Impact of Public Officials’ Corruption on the Size and Allocation of U.S. Continue Reading...

Crony Capitalism’s Favorite Trick

Many who reject capitalism in favor of some “third way” do so because they often mistake it for government-corporate cronyism, says Jonathan Witt in this week’s Acton Commentary. But in countries that have begun extending true economic freedom to the masses, capitalist activity has already lifted hundreds of millions of people out of extreme poverty. Continue Reading...

Corruption Is Getting Worse: Transparency International

Transparency International has released its 2013 findings regarding global corruption and bribery. The implications of corruption and bribery are manifold: they decrease confidence in governments, make it difficult for the poor and disconnected to get out of poverty, and break down trust throughout society. Continue Reading...

‘Buy Yourself a Cup of Tea’ — A Collapse in Culture

The Rana Plaza garment factory collapse in Bangladesh on April 24th killed 1,127 people, including almost 300 whose bodies have not yet been identified. In the article, “Buy Yourself a Cup of Tea” — A Collapse in Culture”, PovertyCure’s Mark Weber highlights a complex and deeply-rooted problem within Bangladeshi culture that has contributed to numerous disasters like this: corruption. Continue Reading...

Think Tanks Taking a Stand Against Crony Capitalism

Alejandro Chafuen, president and chief executive officer of Atlas Economic Research Foundation and board member of the Acton Institute, recently wrote a piece for Forbes.com about crony capitalism. Chafuen used to spend his summers in Argentina, so he begins his article with a story about a friend from Argentina. Continue Reading...