http://www.businesspundit.com/53-of-global-population-thinks-private-sector-is-corrupt-survey-finds/ Entrepreneurship, Startup Companies and Business Philosophy Mon, 23 Nov 2009 02:54:25 -0600 http://wordpress.org/?v=2.8.5 hourly 1 http://www.businesspundit.com/53-of-global-population-thinks-private-sector-is-corrupt-survey-finds/comment-page-1/#comment-14873 Alan McRae Wed, 03 Jun 2009 23:41:36 +0000 http://www.businesspundit.com/?p=11554#comment-14873 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.... 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….

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