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brightstep | 2 years ago

The same kind of behavior happens in the private sector. Since it’s not government, we don’t call it corruption.

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SllX|2 years ago

While corruption is never good, I’ll take private-sector corruption over government corruption every day of the week if I’m forced to choose. Governments are sovereign.

pessimizer|2 years ago

The government is corrupted by its relationships with the private sector. The only other way to pull money out of government is through salaries, and government workers don't get paid that much.

tastyfreeze|2 years ago

Would you rather have one bank of thousands fail due to corruption or have the one state owned bank fail and the entire economy grind to a halt?

WeylandYutani|2 years ago

Small banks constantly falling like dominoes won't do much to instill confidence in the US.

Besides people aren't stupid. If small banks are not too big to fail everyone will switch to a bank that is too big to fail.

syntaxing|2 years ago

Corruption comes in sorts of form, is unavoidable, and is a very grey subject. It’s a tough balance between growth and exploitation. But historically, government rooted corruption tends to be harder to remove than “buying” politicians” which the rich and banks do nowadays. Stanford has a really well explained thought process on this on their online philosophy library.