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" "The public has come to suspect that bribery of high foreign political figures by American companies is rampant. Yet the number of proven cases of bribery involving misconduct by high officials of foreign governments is very small. And many instances of misconduct are more extortion than bribery. The truth, however, is always hard to discover because of the clandestine nature of the transactions.
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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Internal corruption grows out of the very nature of the communist economies—chronic shortages of consumer goods, their poor quality, the interminable delays in obtaining service and repairs, a centralized planning system that decides what people should wear or consume, whether they like the product or not.
It is widely believed that big business firms collectively own the preponderance of America’s wealth and are steadily expanding their share. The facts show the contrary. Corporate business owns about 28 percent of the tangible wealth of the United States, and its share has not changed much during the past fifty years. The bulk of the nation’s tangible wealth is held by the household and government sectors of the economy and is not employed in profit-seeking enterprise, corporate or noncorporate. …If the character of a society were to be designated by its major wealth-holding institution, the United States could more appropriately be described as a ‘household state’ than a ‘corporate state’.