Political Bribes


Politicians get to spend taxpayers’ money. Imagine that the U.S. Congress is considering awarding your company a contract worth $10 million in profit. How much money would you be willing to pay to get this contract? Obviously, if you paid anything under $10 million, you would come out ahead. Such is the reason why corporations are so willing to donate money to politicians.

“Good governance” advocates are always trying to reduce the influence of campaign contributions. Reducing political contributions, however, is like stopping water from flowing downhill. When a politician gives away other people’s money, the potential recipients become desperate to influence the politician. If a congressman’s actions could increase your profits by $10 million, it would be stupid not to give him at least a few thousand dollars. Influential politicians therefore almost gravitationally attract campaign contributions.




Game Theory at Work(c) How to Use Game Theory to Outthink and Outmaneuver Your Competition
Game Theory at Work(c) How to Use Game Theory to Outthink and Outmaneuver Your Competition
ISBN: N/A
EAN: N/A
Year: 2005
Pages: 260

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