Not The Onion

13335 readers

2239 users here now

Welcome

We're not The Onion! Not affiliated with them in any way! Not operated by them in any way! All the news here is real!

The Rules

Posts must be:

Links to news stories from...
...credible sources, with...
...their original headlines, that...
...would make people who see the headline think, “That has got to be a story from The Onion, America’s Finest News Source.”

Comments must abide by the server rules for Lemmy.world and generally abstain from trollish, bigoted, or otherwise disruptive behavior that makes this community less fun for everyone.

And that’s basically it!

founded 2 years ago

MODERATORS

[email protected]

Pausing Foreign Corrupt Practices Act Enforcement to Further American Economic and National Security (www.whitehouse.gov)

submitted 2 days ago by [email protected] to c/[email protected]

5 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 19 points 2 days ago* (last edited 2 days ago) (1 children)

(paraphrasing from elsewhere) Every good business owner LOOOOVES to tell people/governments they can't pay more money if they can blame it on the law/lawyers.

Without that security blanket, the door is open to extracting money from US businesses by foreign governments. The owner can't even give a good reason why they shouldn't be blackmailed.

From a "corrupt president" perspective, this is a bad policy, but somehow, from an "American business owner" perspective, it's even worse.

[–] [email protected] 3 points 2 days ago* (last edited 2 days ago)

100% this. I've seen it plenty of times IRL, and publicly announcing this might as well be an announcement that American companies now MUST start not only paying bribes, but perceived "back pay" of bribes.

This will absolutely chase American companies out of places where they already had high business costs. There is absolutely zero political will in those places to forgo bribes in there interest of jobs, as the American companies will leave and get blamed for being poor at doing business.