Comments on: Capture and the Financial Crisis: An Elephant forcing a rethink of Corruption? http://thekaufmannpost.net/capture-and-the-financial-crisis-an-elephant-forcing-a-rethink-of-corruption/ Transparency, corruption and governance matters, evidence-based Wed, 10 Mar 2010 00:11:43 -0500 http://wordpress.org/?v=2.9.1 hourly 1 By: Hari Mulukutla http://thekaufmannpost.net/capture-and-the-financial-crisis-an-elephant-forcing-a-rethink-of-corruption/comment-page-1/#comment-7902 Hari Mulukutla Thu, 10 Dec 2009 10:29:56 +0000 http://thekaufmannpost.net/?p=282#comment-7902 Great Article and points, Mr. Kaufmann. Its about time the definitions are broadened and large institutions stopped behaving like ostriches. I bet your measurement of corruption and perception of it in countries will change even more dramatically if you include geo-political and socio-economic corruption such as invading countries for oil under the pretext of WMDs ! Where will the US and other allies rate then? Luckily for us we have regime change here in the US. We need fundamental, substantive and unbiased work to define corruption across various sectors globally and clearly communicate its tragic effects and include this in the measurements. TI has showed how it can be done. Now it needs to be broadened as you say. Great Article and points, Mr. Kaufmann. Its about time the definitions are broadened and large institutions stopped behaving like ostriches. I bet your measurement of corruption and perception of it in countries will change even more dramatically if you include geo-political and socio-economic corruption such as invading countries for oil under the pretext of WMDs ! Where will the US and other allies rate then? Luckily for us we have regime change here in the US. We need fundamental, substantive and unbiased work to define corruption across various sectors globally and clearly communicate its tragic effects and include this in the measurements. TI has showed how it can be done. Now it needs to be broadened as you say.

]]> By: Boyd Reid http://thekaufmannpost.net/capture-and-the-financial-crisis-an-elephant-forcing-a-rethink-of-corruption/comment-page-1/#comment-918 Boyd Reid Fri, 05 Dec 2008 08:54:03 +0000 http://thekaufmannpost.net/?p=282#comment-918 You have made a very strong case for the widening of the definition of corruption beyond “abuse of public office for private gain”. Transparency International (TI) did this some time ago with "the misuse of entrusted power for private gain" (http://www.transparency.org/news_room/faq/corruption_faq). This, I think, covers the governance capture that you describe so well as well as all instances, in both the public and private sectors, where a person abuses his or her position for private gain. So it would cover the case of Enron, for example. TI's CPI, because is solely concerned with the perception of corruption on the part of public officials, is inadequate and at times misleading. TI's corruption measuring needs to catch up with its broader definition. You have made a very strong case for the widening of the definition of corruption beyond “abuse of public office for private gain”.

Transparency International (TI) did this some time ago with “the misuse of entrusted power for private gain” (http://www.transparency.org/news_room/faq/corruption_faq).

This, I think, covers the governance capture that you describe so well as well as all instances, in both the public and private sectors, where a person abuses his or her position for private gain. So it would cover the case of Enron, for example.

TI’s CPI, because is solely concerned with the perception of corruption on the part of public officials, is inadequate and at times misleading.

TI’s corruption measuring needs to catch up with its broader definition.

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