Bribe Quote by Alan Greenspan
“Regulation - which is based on force and fear - undermines the moral base of business dealings. It becomes cheaper to bribe a building inspector than to meet his standards of construction. Protection of the consumer by regulation is thus illusory.”
About This Quote
Source Speech: Remarks on Regulation, Alan Greenspan, 2005
Regulation that relies on coercion erodes ethical standards, making corruption cheaper than compliance.
In simple terms: Coercive regulation harms ethics and encourages bribery.
Key Takeaway
Prioritize ethical standards over punitive rules.
Themes
ethics
corruption
regulation
business
Mood
cautious
critical
Type
political
economic
When to use this quote
- government procurement
- construction industry
- public safety
- anti‑bribery programs
Key Concepts
Moral decay
consumer protection
policy failure
Questions to Reflect On
- How can regulations be structured to deter corruption?
- What incentives reduce reliance on force?
A Different Perspective
Regulation can also protect consumers when well‑designed and enforced.
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