April 14, 2012
-- by Dave Johnson
Companies that get away with breaking rules gain advantage over ones that don't, forcing them out of business. All that remains is corruption, extraction. So jobs move to China, private equity breaks unions, etc.
When unequal justice prevails, the party that does not need to follow the law has a distinct competitive advantage. A corporation that knowingly breaks the law will find ways to profit through illegal means that are not available to competitors. As a consequence, the competitive playing field is biased toward the company that does not need to follow the rules.
Posted by Dave Johnson at April 14, 2012 10:34 AM
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