There’s a lot of corruption out there, but what are the top industries that are corrupt? Some might surprise you, but our list is exactly that. According to research compiled by independent analysts and different studies conducted over the years, here are some of the most corrupt industries in America today.
The ten most corrupt industries in the United States and Why?
The United States may be a democratic republic, but several industries have been a sore spot. The most corrupt sectors in the United States are :
Military-industrial complex
The United States military is one of the largest in the world. This is not surprising considering that the country is at war against numerous countries. And it is understandable because the U.S. Navy alone can match up to any force in the world. However, the military-industrial complex that has been created over the past decades is a cause for concern. The U.S. military uses weapons capable of killing hundreds and, in some cases, thousands of people at a time. The U.S. military is engaged in over 150 countries worldwide, and to fund this operation, they sell weapons that kill and destroy nations. This is exceptionally unjust and unethical. More than $1 trillion has been spent on war for the U.S. military, which means more than $100 million per day!
Prison-industrial complex
The prison-industrial complex is a term coined by activist and author Angela Davis in the 1970s to refer to the overlapping interests of government and industry that produce and maintain prisons and thus gain political and economic power from their existence. Human trafficking, a form of organized crime, is a significant threat to the well-being of millions of people around the world. The United States has been criticized for its involvement in the illegal drug trade, human trafficking, and terrorism. The U.S. government allows private prisons, charged for their low conditions due to their high costs and large profits.
Healthcare
The healthcare industry is a corrupt, monopolized industry in the USA. The government has been trying to fix it for years with little success. The sector provides too many jobs and is too popular for congress to change about. The healthcare industry is a massive benefit to the U.S. economy, so it is unlikely to be modified. However, if the government were to “dump” the healthcare industry, it would most likely make way for a newer, more efficient method of providing health insurance.
Commodities
The U.S. government regulates the price of commodities such as oil, wheat, and cotton to ensure that these markets do not get excessively volatile or out of control. The government also acts as a form of oversight to ensure that no one takes advantage of the market. Without government regulation, the commodity markets could become much more volatile and out of control. The U.S. government has an essential role in the commodity markets, which is why it will be unlikely for a change of heart to occur.
Finance
The government regulates the American banking system. The government’s primary function in the finance industry is to ensure that banks are not taking advantage of the public. In the past, many bank scandals resulted in federal banking regulations.
Banks are not allowed to charge customers more than 6% interest on a home mortgage. Banks are also required to keep their reserves at a minimum of 10% of total deposits. The government is aware that there are many consumer protections and financial regulations, but it will still likely be difficult for a change of heart to occur. The government also regulates certain banks that they deem too large and poses a threat to the financial system. An alternative to banks is a non-bank alternative, such as a credit union or cooperative. There are millions of credit unions in the United States. Numerous smaller privately-owned companies offer financial services. Many small businesses and not-for-profit organizations in the United States provide financial assistance for their members. Unfortunately, consumer protections do not seem to be a high priority for the U.S. government.
Private schools
This industry is corrupt and exploitative, which does not necessarily provide the best education to its students. Private schools are often expensive and have strict criteria for admitting them. The amount of time and money it costs to attend these schools is extensive and costly. Also, if you do not have the money to pay for private school tuition, you are left with the option to attend public school. It is too expensive to participate in private school.
In addition, many students have been bullied, harassed, and harassed by other students because they cannot afford to go to private school. In addition, many parents have successfully gotten their children into private schools using bribery or blackmail. The students who cannot afford private schools are the ones that are often harassed and targeted by other students. Students who do not attend private school are often harassed by other students who want to participate. In addition, many private schools have different values and morals, which may cause a problem for those students who have not been brought up in a moral setting. The general public has not been successful in stopping this problem. In the past, local authorities have attempted to stop the high prices of private schools. Still, they are unsuccessful because they do not realize that private schools are an economic necessity for low-income families.
Pharmaceuticals
Pharmaceuticals are medicinal drugs and other substances used in the treatment of various disorders or diseases. Pharmaceuticals are medicines used to treat diseases or conditions, and pharmaceuticals are generally classified by their uses. Pharmaceuticals can be used for medical diagnosis, prevention, and treatment. Pharmaceuticals can be made from various substances, including plants, animals, water, and even minerals.
Automobile industry
The Automobile industry is corrupt in the USA. Everyone knows that the car industry is corrupt because car companies lie to customers all the time about how safe their cars are. Car companies do illegal things and don’t tell the consumers about it. There has been a lot of scandal in the auto industry that is causing many people to sue auto manufacturers. Car companies that have been sued include GM, Ford, Chrysler, Toyota, and V.W.
Wall Street
There is a discrepancy between Wall Street and the rest of the country. The government does not care for the people but helps large corporations get more affluent. The government takes the money from the middle class and gives it to the rich, who give their money to the corporations. Wall Street makes billions of dollars off of derivatives, making money off of stock market crashes. The government is helping Wall Street make more money when taking care of the people.
Conclusion
The most corrupt industries in the united states are the military-industrial complex, pharmaceuticals, automobile industry, private schools, pharmaceutical industry, financial industry, and drugs. These industries have been a sore spot in the country for many years and criticized due to their high costs and large profits.
Meta description: America has some major problems with corruption. From sexual harassment to corruption in the government, America is full of corruption. Here are the most corrupt industries in the United States and why they are so corrupt?