22 January 2007

Bribes are Good!

"SHANGHAI: The police have detained 22 people in a bribery investigation here that has ensnared some of the world's biggest companies, including McDonald's, Whirlpool, McKinsey & Co. and ABB, state-run news media reported Friday."

I dont understand why completely normal business arrangement are considered illegal? The state shouldnt dictate how to run a business, that is best kept in the hands of the corporations themselves.

This is clearly an attack on free enterprise!

And as Johan Norberg points out corporations can be trusted a lot more than governments;

"... an Edelman survey of 3 100 opinion leaders in 18 countries show that corporations gain in popularity and that businesses are now more trusted than governments in every continent."

Although the quoted PR firm Edelman actually said;

"The survey of 3,100 "opinion leaders" in 18 countries by the public relations firm Edelman suggests that corporate governance reforms and the rising wealth of individuals in many developing nations are helping the corporate sector to improve its credibility."

Johan Norberg also fails to mention that;
"
NGOs (non-governmental organisations) beat business to the top spot in North America and Europe, with most respondents ranking them as the most trusted institution"

Which is very good news for oilfunded thinktanks who shaped the successful oil liberation in Iraq and organizations of scientists who tell the truth about the nonexistent "climate change".