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Corruption of Big Corporations and the Government
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Impact/Real Life Applications
Impact: Lobbying and corruption in the government can drastically effect smaller organizations as well as innocent consumers. . The more power that big companies get through this, the greater the economic and power gap becomes between these few corrupt companies and the many smaller and innocent businesses becomes.
Real Life Applications: This is a prominent problem in our society and continues to take place today. As this corruption continues to take place, it causes an increasing amount of problems. This has become a prevailing problem in America although it is legal. With an economy ruled by big corporations, this problem continues to effect out society today.
Issues/Side Effects: This event could cause corruption in society as well as economic loss for smaller companies and consumers. It also effects the credibility of our government which could take a major toll on our society.
Corruption of Big Corporations and the Government
Learner Profile/Standard/Subject
Profile: The interact effectively component is exhibited in this article because it relates to the interactions between various people of different positions in big corporations as well as he government.
Standard: The standard it relates to is SSCG11 because it is related to departments and the federal government. The government plays a major role in the corruption of major corporations.
Subject: I correlated my ethics class to this article because the abuse of power of corporate executives is morally wrong. The morality of corruption in lobbying relates to this subject.
Vocabulary
Lobbying: a paid profession in which one attempts to influence an action or decision
Lobby group: an organization that lobbies
Corruption: when those in power are dishonest with their words and actions
Regulatory Agency: a government agency that has authority over a specific area and sets up rules and standards (ex.FDA)
Profile: Interact Effectively
Standard: SSCG11 Explain the functions of the departments and agencies of the federal bureaucracy.
Subject: Ethics
who/what/where/when/how/why
Who: Government Regulators and Big Corporations
What: Many big corporations are taking advantage of their power through the act of lobbying. Although lobbying is legal, it has become a corrupt system.
Where: The United States
When: Started in 1877, but it still happens today
How: Former corporation owners, lawyers, and executives take government agency jobs
Why: It is easy to sway decisions in favor of big corporations when there is bias involved