Five simple rules against corruption and monopolies — what do you think?
I don’t think we need hundreds of complicated laws. We need a few simple rules that make corruption dangerous and competition profitable. All accusations should be decided by an open jury trial, with journalists allowed to attend.
1. A person who offers or pays a bribe is fully immune from prosecution if they voluntarily report it before an investigation begins, provide the evidence, and cooperate with the authorities.
2. Any politician, public official, or judge convicted of accepting a bribe loses their position, illegally obtained assets, and the right to hold public office—and receives a prison sentence.
3. If one party proves in court that a member of another party accepted a bribe, the corrupt party loses that parliamentary seat, and the party that proved the corruption may appoint its own representative.
4. The first member of a cartel who voluntarily exposes the agreement before an investigation begins, provides full evidence, and helps prosecute the other participants is completely immune from liability for taking part in the cartel.
5. The government may not restrict entry into a legal market to protect existing companies. Restrictions should be allowed only when there is a proven threat to life, health, or public safety, and the same rules must apply to both existing and new businesses.
I think this would produce simple results: officials would be afraid to accept bribes, parties would choose their candidates more carefully and investigate their rivals, cartel members would stop trusting one another, and large companies would find it harder to close markets through legislation.
We do not need to ask people to be honest. We need to make corruption and collusion too dangerous.
What do you think? What is the biggest weakness in this idea?