Lawyers brought in to ensure top Walmart executives didn’t go to jail for violating the Foreign Corrupt Practises Act, following allegations of corporate bribery in Mexico, told the company it should also do some house-cleaning in Brazil, China, India and South Africa. Reuters reports on this revelation from Representatives Elijah Cummings and Henry Waxman, who are investigating charges of corrupt practises by Walmart.
The corporate giant, run by a family so rich that just six of them own more wealth than the entire poorest third of Americans, is a big player in domestic political finance, giving over $1.6 million in contributions and spending nearly $14 million on lobbying in 2010-2011 alone. It consistently gives to Republicans and Blue Dog Dems who work to water down key legislation including labor rights, environmental protection and anti-bribery laws.
Walmart is only one of dozens of mega-rich corporations having incestuous relationships with government here and across the globe. This is what is meant by corporatocracy and defusing the current situation so that actual democracy is possible is a massively uphill struggle. The alternative to not trying, however, is dictatorship by the mega-rich who will pretend to be benevolent as they turn the knife. It’s class war, pure and simple, and so far the elite are winning.