Great corruption – theory of corrupt phenomena

Published date25 March 2020
Date25 March 2020
Subject MatterAccounting & Finance,Financial risk/company failure,Financial crime
AuthorVicente Monteverde
Great corruption theory of
corrupt phenomena
Vicente Monteverde
Facultad de Ciencias Econ
omicas y Empresariales,
Universidad de Moron, Moron, Argentina
Purpose The purpose of this paper is to formulatea new theory of corruption based on the discretionary
decisions of the governmentand the distribution of income in the economy, where corruptionpays taxes and
is in the legal channelsof the economy.
Design/methodology/approach The methodology is the practicalexploration, based on events in the
current Argentine economy, where this theory of corrupt phenomena is fulf‌illed, changing the approach to
corruption,transforming corruption into legal.
Findings The document concludes that the model is applicable to any country in the world, given the
conditionsof the theory formulated.
Research limitations/implications There is a paradigmshift, it transforms corruption into legal.
Practical implications In this new theory of great corruption,the consequence is that it is very diff‌icult
to combat it, becauseit is developed based on legal, regulatory and ethical norms.
Social implications The social implications are through discretionarydecisions of governments, large
inequitable income redistributions, in favour of interest groups, pressure groups,private companies and the
same state,with negative social consequences forthe population.
Originality/value This theory is original; it has not been formulated in the study of the types of
corruptionin the world.
Keywords Corruption, Rent seeking, Government decisions, Great corruption
Paper type Research paper
1. Introduction
Because Zeus punished Prometheusfor stealing f‌ire from heaven by giving it to men, Zeus
then imposed a punishment on humanity, uncovering the PandorasBox, wounding them
with perniciousdefects: vices, diseases, desire No limit and lovewealth[1].
Change is fundamental in our lives, everything changes, mutates, transforms, crime
transforms over time, todaywith a great technological element, the types of crimes and their
renewal are lived daily. Drug traff‌icking, theft of technology and human traff‌icking have
permanent metamorphosis.
Corruption as a crime also mutates,changes and diversif‌ies, but the most serious is when
it is managed, and becomes legal, throughdiscretionary decisions of the state.
It has been analysed in many works how systemic corruption is very perverse as a
process in any society, and in any culture, and when it incorporates the effects of
globalisation,corruption is globalised.
But I have detected a neweconomic dynamic, economic decisions taken by governments,
with respect to the private sector or the public sector itself, where acts of corruption
The authors are grateful to University of Moron, my University. All the remaining errors are the
author sole responsibility .
Journalof Financial Crime
Vol.28 No. 2, 2021
pp. 580-592
© Emerald Publishing Limited
DOI 10.1108/JFC-07-2019-0104
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