Quote Originally Posted by CrossLOPER View Post
You can have whatever system you want, so long as you have proper oversight to make sure that the system works as its supposed to work. Some systems are easier to implement than others, usually those that function naturally with minimal guidance. Capitalism is favorable in this respect, but there is always some jacka** that wants more for less. The key is to apply just enough pressure to make sure that corruption stays down. The best way to do this is to decentralize oversight as much as possible and make sure to pay those in charge very well. It's easy to bribe one guy. It's simply not feasible to bribe everyone.
Absolutely. In my "bubble" of Pharmaceutical Medicine in the UK when we promote we are all constantly scared of the PMCPA and their powers to award fines, force recall of material (massive cost and loss of face) or just pop in for an audit - £15k a time, at least three and the company is practically paralyzed in the meantime. There are no"rules" just guidelines. Meaning if the PMCPA think you have done something wrong, you have. The only appeal is a Review Board who will triple the fine if they don't agree.

Compare that to the ICO. Utterly toothless who seem to do as little as possible and state they want to work with the offender which appears to be sending an email over with their thoughts and that's about it.

Finance appears to have a situation where not only is the money they have enough to bribe people in all sorts of ways, but also the complexity of what they do is extreme. Oh, and the processes are done to the standard of Criminal Law which as for funsies it also crosses borders makes getting anyone guilty of anything next to impossible.

I believe that if all industries had the same method of oversight as Pharma does in the UK, there would be a lot less corruption since the risk : reward would look very different.