The article highlights the detrimental impacts of bribery, emphasizing that it results in severe consequences like safety violations and corruption that undermine international governance. It critiques a recent executive order by President Donald Trump that temporarily suspends the enforcement of the US Foreign Corrupt Practices Act, undermining anti-bribery efforts globally. The author argues that rather than facilitating American businesses, this approach endangers both domestic and international interests by promoting a competitive environment lacking transparency and integrity. The article advocates for improved standards and fairness rather than reducing ethical commitments.
Bribes have been paid to building inspectors to ignore safety violations later cited in catastrophic collapses, highlighting the lethal consequences of corruption.
The reasoning behind the executive order was essentially to level the playing field for American multinational businesses competing with less regulated foreign companies.
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