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Tag Archives: bribery

Is a ban on corporate ransom payments feasible?

In some recent posts, I threw out the idea of banning corporations from paying ransomware. I expected the idea to be shot down in the comment section, but I didn’t see any persuasive arguments against the proposal.  In fairness to my commenters, however, most of their arguments were far superior to those offered in a recent Bloomberg article: Consider a simple example. Suppose a state legislature, sick and tired of the number of people being robbed on the street,...

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What about bribery?

This is a follow-up post to my recent proposal for banning corporations from paying ransom. Let’s think about another possible law, enacted to deal with the following scenario. Suppose that a US corporation has the best proposal to build a project in another country. Unfortunately, the government of that country won’t grant the contract unless a bribe is paid to a top official. The victimized company reluctantly pays the bribe, because paying the bribe reduces the...

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Change the culture

The recent college admissions scandal has received a lot of attention. Unfortunately, there’s a great deal of confused thinking on this issue. Here’s the NYT, discussing the criticism received by parents who bribed college officials: The playwright David Mamet, the couple’s friend and collaborator of many decades, sprang to their defense in an open letter urging people to hate the game of corrupt college admissions rather than hate these players, whose parental...

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The Economics of Assistant Coaches’ Bribery

Reprinted from It is one of the biggest stories in the media today: four assistant basketball coaches have been accused of taking bribes. Here is a summary from CBS News: “The picture of college basketball painted by the charges is not a pretty one,” Joon H. Kim, the acting United States Attorney for the Southern District of New York, said at a Tuesday afternoon press conference. “Coaches at some of the nation’s top programs taking cash bribes, managers...

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