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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
" "Communist propagandists have long maintained that capitalism is the breeding ground of corruption. One would, therefore, expect to find in the communist orbit a ‘new man’ who has no appetite for the decadent bourgeois habits of the West. But fact as distinguished from myth reveals that corrupt practices abound in the communist nations.
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About Neil H. Jacoby
Neil Herman Jacoby(September 19, 1909 – May 31, 1979) was a university professor and public servant and was widely recognized as an expert on matters of taxation, finance, economic policy, and business-government relationships.
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Neil Herman Jacoby
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N. H. Jacoby
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The 4,400 business corporations that disappeared by merger during 1968 were a small number compared with the 12,000 that disappeared by failure, or the 207,000 new corporations that were formed. Even the $43 billion in securities exchanged in mergers that year were only 3.3 percent of the market value of corporate securities.
Thus the principle that no foreign political payments shall be made often collides with the principle that we should expand international trade and investment, that multinational companies should conform to local business practices, that the United States should avoid extraterritorial application of its laws, or that this county should abjure moral as well as political and economic imperialism.
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