53% of Global Population Thinks Private Sector is Corrupt, Survey Finds

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NGO Transparency International recently released its 2009 Global Corruption Barometer, which surveyed about 73,100 people from 69 countries between October 2008-February 2009. Among the findings:

Worldwide:
–53% of people interviewed think the private sector is corrupt.
–Political parties and the civil service, however, as seen as the most corrupt domestic institution worldwide. The media was seen as the least corrupt.

In the US alone:
–The legislature is seen as the most corrupt institution.
–61% of people think the private sector uses bribes to influence government policy, law, or regulation.
–26% of people think the government’s efforts to fight corruption are effective.

One more interesting point:
–Half the people interviewed expressed that they’d be willing to pay a premium to buy from “corruption-free” companies. The percentage for the US alone is even higher.

That last point makes me think that “Buy Local” campaigns would do well to add “Corruption Free” to their marketing efforts.

  • Alan McRae

    While Enron is, perhaps, one of the worst examples of private sector corruption in the US, they couldn’t have gotten as far as they did without the collusion of Arthur Andersen and others. Yeah, that’s private sector corruption alright. Governments all over the world are frequently revealed to be amazingly corrupt – makes “public service” a broad term that could include pimps, prostitutes and drug dealers. But when people say on a survey they would pay a premium to buy from corruption-free companies, well – definitely don’t try to take that to the bank. Consumers are well-trained to buy on price and ignore any moral value considerations. Sure, you can create a momentary backlash against a sweatshop brand with some negative sourcing press, but it’s truly amazing how quickly consumers will return to their normal purchasing habits. The only thing that will ever slowdown voracious US consumers is a near depression and the cutoff of their credit cards. Hmmm….