Corruption A Great Distress Business Industry - 1681 Words

When first hearing the words bribery, extortion, lubrication and subornation, one might first think of money or ways of getting more of what you ant for a cost. Corrupt practices in business transactions are a great distress business industry, especially when it becomes the international business market. These corrupt practices include bribery, extortion, lubrication and subordination. Extortion, lubrication and subordination are different variations of bribery. Money in today’s society is what keeps the world running in most cases. Bribery first came about in the fourteenth century by the works of Chaucer and his contemporaries (Quinion, 1). In the fourteenth century the worst often offenders were judges and public officials, who exhorted†¦show more content†¦Bribery can most simply be described as money being voluntarily offered by someone seeking an unlawful advantage (Gilly, 152). It wasn’t until the 1970s, when bribery became a national issue with public disclosure of political payoffs to foreign recipients by U.S. firms. Most cultures seem to be more open to bribery, but in the United States, they are disdainful to these practices now. The words extortion, lubrication and subornation often can be grouped under the term bribery out of ignorance, even though they are, in fact, unalike (Gilly, 152). The difference between bribery and extortion can be described as bribery is from an offer to someone else, while extortion is a demand for payment. One example of bribery, which happens quite frequently, would be a restaurant or food industry offering a bribe to the health inspector to ignore health regulations the restaurant may be violating (Digh, 90). The health inspector may see issues violating health code that could affect the consumers, but as the restaurant owner slips a one hundred dollar bill under the table to him, he then may â€Å"ignore† these obvious violations. Another example of bribery, which is used almost everyd ay, would be to offer money or a gift to be moved higher on a waiting list for a restaurant. This bribe is often little, but in most cases restaurant hostesses are not allowed to accept these bribes or