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Crony capitalism, sometimes also called simply cronyism, is a pejorative term used in political discourse to describe a situation in which businesses profit from a close relationship with state power, either through an anti-competitive regulatory environment, direct government largesse, and/or corruption. [1]
Corruption ranges from small favors between a small number of people (petty corruption), [16] to corruption that affects the government on a large scale (grand corruption), and corruption that is so prevalent that it is part of the everyday structure of society, including corruption as one of the symptoms of organized crime (systemic corruption ...
Corruption in the law enforcement sphere, and especially in criminal proceedings, is an extremely dangerous phenomenon for the state and society, which leads to the commission of crimes, has a negative impact on judicial proceedings and the objectivity of judicial decisions.
But beyond money's obvious effects on society -- turning human faculties into commodities, as Marx suggested, and alienating people from both the products of their labor and human nature itself ...
Corporatocracy [a] or corpocracy is an economic, political and judicial system controlled or influenced by business corporations or corporate interests. [ 1 ] The concept has been used in explanations of bank bailouts , excessive pay for CEOs , and the exploitation of national treasuries, people, and natural resources . [ 2 ]
The type of corruption often occurring in constitutional states or state transitioning to a more democratic society is called grey corruption is considered reprehensible according to a society's moral norms, but the persons involved are still mostly lacking any sense of doing something wrong.
Last year, China was rocked by a surge of corruption probes ensnaring individuals from a vice central bank governor to a former chairman of its biggest oil and gas company, adding to unease in an ...
Companies are unable to guarantee corruption has never occurred; what they can do is provide evidence that they did their best to prevent it. There is no federal statute under the U.S Law that prohibits or regulates any type of private or commercial bribery. There is a way for prosecutors to try people for bribery by using existing laws.