Manufacturers - The Wisdom of Corruption

Author: John Honovich, Published on Apr 17, 2012

New research demonstrates that, while many manufacturers may be corrupt, they are smart to do so. A paper from the National Bureau of Economic Research concludes that companies "stand to gain $11 in market value for every $1 they spend on bribing government officials for contracts." The return on corruption is huge.

It is laughable whenever manufacturers or their minions, the trade magazines, defend themselves saying they could never do anything corrupt or surely they would be out of business already. The long litancy of fake awards, phony research and edu-marketing events is clear evidence to the contrary.

For these companies, it is obviously favorable economics, ethics be damned. Likewise, we recognize that publicizing manufacturer abuses makes the economics of their actions far less attractive. Plus, the honest manufacturers benefit. Ultimately, the transparency the Internet forces will eliminate the economic benefits of corruption.

Comments : PRO Members only. Login. or Join.

Most Recent Industry Reports

Anti-Hack Access Card Shields Tested on May 26, 2017
Keeping your access control card information secure is becoming a big priority, especially since cheaper copiers can hack details easily. Multiple...
H.265 / HEVC Codec Tutorial 2017 on May 25, 2017
Since 2013, video surveillance professionals have talked about the potential for H.265. Now, in 2017, H.265 is starting to gain mainstream...
Camera Course Summer 2017 on May 25, 2017
Learn video surveillance and get certified. IPVM provides live online classes, recorded videos, personal help, cutting edge education and...
Most Respected Manufacturer Competitors on May 25, 2017
Manufacturers told IPVM what competitor they most respected. In terms of total revenue, Hikvision, Dahua and Axis are certainly tops but would...
CyPhy 'Unlimited' Flight Time Security Drone Examined on May 25, 2017
Drones face several issues as commercial security platforms - legal restrictions (e.g., in the US, the FAA), costs, and limited flight durations...
Milestone Entry Level Mobile Password Vulnerability Disclosed on May 24, 2017
While many manufacturers have only addressed cybersecurity vulnerabilities after public disclosures were made (or threatened), Milestone has...
How Integrators Use IPVM on May 24, 2017
150 integrators explained how they use IPVM and how it helps them stay informed and improve their business.  The 4 main uses integrators cited for...
Alarm Supervision Guide on May 24, 2017
Burglar alarms can constantly monitor the health of attached circuits, sensors, and devices to ensure that they remain operational. This is known...
Arlo Go Cellular Cloud Camera Tested on May 23, 2017
Totally wireless surveillance cameras are growing but almost all typically depend on a hub and local Internet access. However, many outdoor...
Avigilon New COO James Henderson Profile on May 23, 2017
It has been nearly 2 years since the infamous Bryan Schmode 'resigned' as Avigilon COO. Now, Avigilon once again has a COO, promoting James...

The world's leading video surveillance information source, IPVM provides the best reporting, testing and training for 10,000+ members globally. Dedicated to independent and objective information, we uniquely refuse any and all advertisements, sponsorship and consulting from manufacturers.

About | FAQ | Contact