The Humble Libertarian

Building a small army to take over the world and... leave everybody alone.


Saturday, April 7, 2012

Half of Vietnamese companies admit they ‘bribe officials’

In America, perpetual political patronage and rent seeking isn't called bribery, it's called a campaign contribution.
Nearly 50 percent of Vietnamese companies admit to bribing officials in order to bid on contracts, a new survey shows, but experts say the real figure could be far higher. About 80 percent of businesses in the communist country reported that corruption had hurt their operations...
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The Raw Story