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A comment on Germany’s top financial supervisor dismissed a decade of warnings about Wirecard. Parent comment

Re:Germany’s top financial supervisor dismissed a decade of ... by manquer on Friday July 17, 2020 @06:42PM (#23876841)
To any individual lower corruption is what that matters most. However as a country it is higher level corruption that costs you the most , all the money governments are spending without oversight on Coronavirus response for example . This is lot costlier to the country than a beat cop taking a bribe .

Most ngos and corruption indices focus too much on lower level corruption instead of both.

[ Parent | on HN ]
Re:Germany’s top financial supervisor dismissed a decade of ... by maest on Friday July 17, 2020 @07:04PM (#23877054)
I believe you are underestimating the negative drag low level corruption has on the economy. It means setting up businesses or conducting any commercial activity is slow and fraught with hidden costs and risks. Information isn't usually freely available and solving problems usually involes "knowing someone" and going through backchannels.
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Re:Germany’s top financial supervisor dismissed a decade of ... by mech422 on Friday July 17, 2020 @11:23PM (#23878626)
oh? sounds like trying to figure out why FAANG closed your developer account :-P
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Re:Germany’s top financial supervisor dismissed a decade of ... by jevgeni on Saturday July 18, 2020 @12:48AM (#23879037)
Do FAANGs burn down your office and break your legs?
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Re:Germany’s top financial supervisor dismissed a decade of ... by mech422 on Saturday July 18, 2020 @04:35PM (#23884629)
Perhaps it was a tasteless joke... I was commenting on how you seem to need to post on HN to get any support from the FAANGs.
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Re:Germany’s top financial supervisor dismissed a decade of ... by literallycancer on Saturday July 18, 2020 @11:36AM (#23882069)
Maybe not that, but pay off the police to seize your servers? That's table stakes for a multinational in a region where they have the necessary influence.
[ Parent | on HN ]