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NEW: Trump spent four years demolishing America's historic legacy of anti-corruption leadership.
Here's what the Biden administration can, and should, do to restore America's anti-kleptocracy bona fides: https://newrepublic.com/article/160461/biden-foreign-corruption-make-kleptocrats-fear-america
Here's what the Biden administration can, and should, do to restore America's anti-kleptocracy bona fides: https://newrepublic.com/article/160461/biden-foreign-corruption-make-kleptocrats-fear-america
It's tough to try to keep track of all the ways Trump decimated U.S. anti-corruption leadership.
But it's clear he'll have the most corrupt presidential legacy since Warren Harding and Teapot Dome, and leaves behind an Augean stables–size mess for the rest of us to clean up.
But it's clear he'll have the most corrupt presidential legacy since Warren Harding and Teapot Dome, and leaves behind an Augean stables–size mess for the rest of us to clean up.
Want inspiration for how successfully the U.S. can recover its anti-corruption leadership under Biden?
Look at what happened after Nixon and Watergate, with the passage of the FCPA, which effectively shifted the global tide when it came to criminalizing foreign bribery.
Look at what happened after Nixon and Watergate, with the passage of the FCPA, which effectively shifted the global tide when it came to criminalizing foreign bribery.
The passage of the FCPA sparked a decades-long effort from the U.S. to carve a position as the global leader in the anti-corruption fight—thanks Nixon!—and a range of successful programs to clean up graft and money laundering:
After Trump, Biden's administration has a massive anti-corruption clean-up ahead of it.
Thankfully, there's wind at the new administration's sails—and plenty of anti-corruption/anti-kleptocracy bills to lend its weight to.
Thankfully, there's wind at the new administration's sails—and plenty of anti-corruption/anti-kleptocracy bills to lend its weight to.
Biden's administration should build out an entirely new anti-kleptocracy paradigm in the U.S.—by ending anonymity wherever it can.
End it in real estate. End it in hedge funds. End it in private equity. End it in trusts. End it in art and auction markets. End as much as it can.
End it in real estate. End it in hedge funds. End it in private equity. End it in trusts. End it in art and auction markets. End as much as it can.
Anonymity remains the kleptocrat’s asymmetric advantage. Which means that transparency is the best weapon in the American arsenal.
And if these reforms aren't implemented in the here and now under Biden, we might not get another chance.
And if these reforms aren't implemented in the here and now under Biden, we might not get another chance.
Want to also flag some other great write-ups on what the incoming administration can/should do on the anti-corruption and anti-kleptocracy front—wide spaces to begin rebuilding:
— https://foreignpolicy.com/2020/12/22/why-biden-needs-to-confront-corruption/
— https://securingdemocracy.gmfus.org/treasurys-war-on-corruption/
— https://www.americanprogress.org/issues/security/reports/2020/12/10/493519/treasury-department-lead-fight-corruption-kleptocracy/
— https://foreignpolicy.com/2020/12/22/why-biden-needs-to-confront-corruption/
— https://securingdemocracy.gmfus.org/treasurys-war-on-corruption/
— https://www.americanprogress.org/issues/security/reports/2020/12/10/493519/treasury-department-lead-fight-corruption-kleptocracy/
