China and other members of the Asia Pacific Economic Cooperation (Apec) have agreed to deny safe haven to anyone engaged in corruption. See: http://www.bbc.com/news/world-asia-29965849
US Secretary of State John Kerry hailed the move as a "major step forward".
"Corruption not only creates an unfair playing field, it not only distorts economic relationships, but corruption also steals from the people of every country the belief that the system can work for everybody," he told journalists.
What would happen if the U.S. did the same? Wall Street could be shut down due to a large number of missing employees. What other institutions would experience the same dilemma?
Two definitions of the word corruption:
- dishonest or fraudulent conduct by those in power, typically involving bribery.
- the process by which something, typically a word or expression, is changed from its original use or meaning to one that is regarded as erroneous or debased.
It could get ugly real quick if a law was passed AND enforced in the U.S. The price of gold and silver would skyrocket on the day the law went into effect.