Communist propagandists have long maintained that capitalism is the breeding ground of corruption. One would, therefore, expect to find in the commun… - Neil H. Jacoby

Before World War II, the United States Gulf and the Caribbean were the foreign world’s primary sources of crude oil. Eastern Hemisphere consumption was relatively small and yet its crude oil production supplied less than half of its petroleum needs.

The revelation that American companies were making payments to foreign political parties and government officials touched a sensitive nerve in the post-Watergate era. Although most knowledgeable people were aware of the bribery of domestic government officials, they felt more keenly about the payment of millions of dollars to foreign officials.

Although the media editorials have roundly condemned corporations for making political contributions at home and abroad—payments which were legal in many jurisdictions—they have yet to express equal indignation about the congressmen and public officials of this and other nations who receive these payments and who, in many instances, solicited them. Media voices have also been muted about violations of the Corruption Practice Act by the big labor unions.