9/11/2012

Corruption in Government

   Note: one of the useful discusions is what is the meaning of the word "CORRUPTION" and what other words can be used to indicate diffeent Money interactions with Politics.
   Wikipedia: Political   (Corruption in general)
  •  Political: Forms of corruption vary, but include bribery, extortion, cronyism, nepotism, patronage, graft, and embezzlement.  
  • In economy, corruption is payment for services or material which the recipient is not due, under law. This may be called bribery, kickback, or, in the Middle East, baksheesh.
  •  In government: it is when an elected representative makes decisions that are influenced by vested interest rather than their own personal or party ideological beliefs.
But there are other situations where Money that helps a Candidate (or Political effort) can be spent in order to increase the  probability of passing or interpreting a result that benefits or is supported by the spender.

This "Monetary Influence" is not corruption or Quid Pro Quo, i.e. in legal usage: indicates that an item or a service has been traded in return for something of value

Varieties of Monetary Influence:
  • Corruption, Bribery (Bilateral): When the Money is spend, offered, or requested, on the basis of an understanding, Written, or Reasonably understood that a bill or interpretation will be done for the benefit of the spender  and that it would not be done if the money was not spent.
  • Unilateral: When the Money is spent... with no understanding but just an expectation of benefit.
  • Electoral: When the Money is spent... to increase the probability of election of an individual who has committed to favor the benefit. (of course this can be either Bilateral or Unilateral)
  • Moral: When the money is spent... to favor a position that is not economically beneficial by is preferred by the spender.
In all these cases money is spent to influence the outcomes of government and the Richer have more capability and it costs them less (in hourly effort) than to Poorer to express this influence. It is of course, a matter of judgement as to whether our democracy is improved or degraded by having it being monetarily influenced in these ways rather than being a more equal "representation" based more on a One Person, One Vote model.

09/11/2012 ... Return on Investment! (2,000%)

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