WHY CORRUPTION MATTERS: QUOTE OF THE DAY, PART 3

The entire quote is from Paul Krugman of The New York Times:


Why corruption matters. Hint: It’s not the money, it’s the incentives.


When money corrupts the decision-makers, the decisions they make may ultimately have nothing to do with right, wrong, public interest or anything but how the decision affects a business interest or a pay-day.

Vermin Supreme poster

If everything is about money, the moral and ethical elements that would normally be part of the decision-making process disappear.

You might want to read the article “Why Corruption Matters” by Paul Krugman. Click this link.   And please check out Sue Vincent who started this rolling at THREE DAYS, THREE QUOTES.

9 thoughts on “WHY CORRUPTION MATTERS: QUOTE OF THE DAY, PART 3

    • Marilyn Armstrong November 30, 2016 / 4:47 pm

      I had never thought of it this way until I read that article. Puts an interesting new light on corruption why it’s bad.

      Liked by 1 person

  1. Garry Armstrong November 30, 2016 / 1:03 pm

    I’m feeling nostalgic. Thinking of an old “acquaintance” — a Beacon Hill lobbyist who was indicted and convicted on corruption and bribery charges. He was a nice fella who maintained “You gotta grease a few guys”.

    Like

    • Marilyn Armstrong November 30, 2016 / 4:50 pm

      Yes. There are side effects to corruption. Sometimes, you get caught. Not often, but sometimes. I always cheer when someone actually gets caught — and punished.

      Like

  2. swo8 November 30, 2016 / 3:58 pm

    I think that Krugman has a very good point. We are having a serious issue, in Canada – money for access to our Prime Minister and to our Premiere. The bad decisions that are being made because of this influence peddling is having a resounding affect on a large number of people.
    Leslie

    Like

    • Marilyn Armstrong November 30, 2016 / 4:49 pm

      That’s the point of the article. I never really looked at it quite that way, but it makes sense. Decision-making based on profit is not going to be in the best interests of anyone but the person getting the money. Which probably isn’t you or me!

      Liked by 1 person

      • swo8 November 30, 2016 / 4:52 pm

        There’s always a Quid Pro Quo and it isn’t going to benefit the people.
        Leslie

        Like

        • Marilyn Armstrong November 30, 2016 / 11:29 pm

          Maybe they’ll start calling it “trickle down corruption.” Eventually, we’ll get a percentage of the payoff. Okay, a very tiny percentage. Approaching zero on a close order. Probably nothing, really.

          Liked by 1 person

          • swo8 December 1, 2016 / 3:53 pm

            It’s the trickle up effect.
            Leslie

            Like

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