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Capitalism breeds corruption, by spreading capitalism are we spreading corruption?

If you don't think there is corruption in Capitalism I'm sorry I offended you.

Update:

Enron........great example of a good ethical capitalist company.

Do any of you have any idea how many fines are paid to the government from big business for breaking the law? Billions.....

Update 2:

Perfecttiming.....can you read and do you understand what kind of punctuation mark is at the end of the sentence?

10 Answers

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  • 1 decade ago
    Favorite Answer

    Sadly, I think that corruption cannot be associated with one particular economic model or system of government. Corruption is a side-effect of the inherent human capacity for self-interest, and manifests itself in the power structures of every country around the world, regardless of their character.

    That said, I think there are clear examples from recent history where the way in which capitalism has been introduced into a country has left it more at the mercy of corrupt self-interest than may have otherwise been the case. The "short sharp shock" introduction of US-style capitalism into the Soviet Union was a major contributing factor in the collapse of its economy, leaving it at the mercy of self-interested parties - in stark contrast to the relative success of the more gradual introduction of market forces into more prepared economies in the far east.

    Capitalism in itself, if properly regulated, need not breed corruption. The problems start when the lines between the state ( representing the needs and wishes of those who elected it) and the world of business (representing only the needs of their shareholders) become blurred - as they are increasingly in the UK, and undeniably in the US. A quick glance at the CVs of those in power in the US paints a worryingly consistent picture, in which the oil, pharmaceutical and military-aerospace industries predominate.

    Clearly this cannot be the best way to represent the electorate; clearly some stronger regulation to prevent industry interest-groups from wielding too much power is required; but, equally clearly, if the economy of the US was not capitalist, other self-interested individuals would still find their way into power to serve their own purposes.

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  • 1 decade ago

    Capitalism certainly does not breed corruption, but there is corruption sometimes in a capitalistic society. But lets not forget there is corruption in non capitalistic societies, such as the former communistic Soviet Union, who persecuted their own people, and the poor got poorer. No society is perfect, but it is quite clear capitalism works, as our economy grows faster than any other.

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  • 1 decade ago

    Do you think there are no corruption in socialism? Corruption is in the human nature and not in the political set up. And nobody's speading capitalism - it grows on it's own, because people want to live better and are willing to work more for that.

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  • Anonymous
    1 decade ago

    No, not at all.

    Have you ever checked out the governments and systems of African countries? They are among the most corrupt in the world. It is no wonder why they will continue to be among the poorest countries in the world for countless decades to come. Who or what company would be crazy enough to invest or establish business in such a climate?

    Those countries will never get it.

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  • Anonymous
    1 decade ago

    Your as wrong as you can be. Capitalism is the cure for corruption, except in the minds of those who want to live off of the state and be taken care of from cradle to grave. If you want to see corruption, go to China, former USSR, Iraq, anywhere in North Africa. You need to stop towing the party line and think for yourself.

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  • Anonymous
    1 decade ago

    basically any system that has an exchange of $$$ or other items will foster corruption not just capitalism. You honestly think there is no corruption in a communist state ??

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  • Anonymous
    1 decade ago

    Maybe. But where does that leave Bono, who whines about Africa all the time, when he could probably afford to buy a few African nations?

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  • Anonymous
    1 decade ago

    first of all, it does breed corruption

    the communist countries can be easily handled by revolution

    however, capitalism is the worst, it cant handle everybody

    i support pure communism and socialism

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  • 1 decade ago

    Is there a question in there some where, or are you just ranting?

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  • hmbn
    Lv 4
    1 decade ago

    at least you're sorry... :)

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