So I was watching some Netflix documentary about financial crime and it touched upon how the protagonist was bribing officials to get work done. Now this could just be because I come from a third world country and bribing is fairly normal, but I think attempting to bribe people shouldn’t be illegal. I think accepting bribes should be illegal. But attempting to bribe shouldn’t. Because why wouldn’t the rich and powerful try to bribe their way to make things easier. It’s human nature to try and get things done, instead of blaming the person bribing we should be blaming the politicians and bankers accepting those bribes. I don’t know, that’s what my new controversial view is lately.
On a similar topic, there’s an episode of Dirty Money which talks about how HSBC knowingly laundered money for the Mexican cartels. It was this big scandal that took place and impacted their stock too. Anyway, so apparently the ex-director of HSBC drops into my friend’s Beedie classroom and talks about it, and once again it kind of makes sense.
He apparently spoke about how you just can’t say no because it’s a different world. They simply couldn’t risk their staff’s life like that. Imagine being the teller asking where a cartel member gets his money. He says he’s an “astronaut”, you can’t really ask him more questions because if you do. You will die. And they can’t really complain to the FBI or Mexican equivalent because of how deep the corruption is. If the cartel finds out you snitched, you die. So at risk of sounding like I sympathise with the capitalists here. I kinda get it? Like, if you’re a global bank you aren’t really going to risk your tellers’ lives over some money to do the right thing. Especially if you are profiting from it.
Keep in mind this is the unofficial story which has probably been fine tuned by a lot of PR teams but it just seems to make sense to me.