US Government Corruption is Changing Views of Graft Worldwide – Romania Follows

US Government Corruption is Changing Views of Graft Worldwide – Romania Follows

We know the US leads the world.  The signals being sent to friends and foes alike by our current government - and its actions to legitimize corruption - are starting to spill over into other countries.

The Republican Party is throwing out all rules – or at least the illusion of rules. Specifically, we are challenging our very basic premise we have presented for centuries around the world -- that the government is for the people and by the people. 

In Congress’ first act in the beginning of January, they tried secretly to gut the office of Congressional Ethics.   This act came on the heals of  President Trump’s billionaire cabinet – a cabinet appointed entirely for tax abatement purposes since virtually every appointee will make millions if not tens of millions by taking on jobs for which they have little or no experience.

Now, not only is Trump’s non-democratic, xenophobic movement spreading across the industrialized world (with the risk of France and Germany falling in 2017), but the US seems to be leading a worldwide recognition that acts by fiat and graft are acceptable.  In Romania this past weekend, the government moved in the middle of the night to pass legislation allowing local officials to abuse public resources without risking criminal inquiry.

Yes, this type of action could have happened independently.  But, we cannot overlook the fact that the US still leads the free world and sets rules worldwide by example.  And, the example that we are sending to others right now is awful on so many different fronts.

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Ari Socolow
Ari Socolow: Ari Socolow is the Chief Economist and Editor-in-Chief at BestCashCow. He is particularly interested in issues relating to financial literacy and bank transparency. Since co-founding this website in 2005, Ari has been frequently cited in the media as an expert on local and national savings accounts, CD products, mortgage and loan products and credit card rewards products.

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