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The Capture of Corruption: Complexity and Corporate Culture

This text delves into the intricate world of corruption, exploring its ties to corporate culture, international aid, and lending institutions. Through discussions on moral deflection, poverty, and the clash between market values and public interest goals, it sheds light on the complex nature of corrupt practices in today's global economy. From the struggles faced by small states to the impact on democratic regimes, it analyzes the interplay of individuals, companies, and regulatory systems in perpetuating corruption. This thought-provoking read challenges traditional norms and presents a compelling argument for reform towards socially responsible business practices.

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The Capture of Corruption: Complexity and Corporate Culture

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  1. The Capture of Corruption: Complexity and Corporate Culture Dine

  2. Definition of Corruption? • International aid and lending institutions • Integrity Warriors • One-sided condemnation

  3. British Virgin Islands • Tax haven/money laundering • 400,000 • OECD black list • How else to make a living?

  4. Pogge: Moral Deflection Devices • Corruption as a moral deflection device? • Primarily State Officials • Small State, Less Corruption? • Scandinavian countries • Withholding aid

  5. Poverty and Corruption • Poverty caused by corruption? • Pathology of primitive nations • but: corrupt regimes demand an explanation.

  6. Gang of Thieves v Coup D’Etat • International resource privilege • International borrowing privilege • Debt burden for incoming democratic regimes

  7. Companies and Corruption • Clash between market values and democratic public interest goals • De-regulation and aggressive capitalism • Moments of business failure or institutionalised corruption, MacLennan

  8. ENRON • Corruption as acts of individuals • Skilling’s belief in innocence • Alpha male syndrome + • Doing the company’s bidding: share value maximisation

  9. All pervasive companies • Reforming corporate culture • Internalising externalities via internalising regulation • Systems of risk control

  10. Complexity of Corruption • Acting against the public interest • BVI public? • Shareholders? • Recipients of the benefits of taxation? • Which public interest counts?

  11. Socially Responsible Companies • Death of Tax Havens? • Death of development aspirations of the BVI

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