I overheard a conversation today about corruption in the US vs. corruption in Russia. Basically the Russian guy (I assume he's Russian, he has an Eastern Europeanish accent) claims that the US is just as corrupted as any other country, people just don't realize it. The American guy is arguing that the US is one of the least corrupted, and definitely less corrupted than Russia because the US system is relatively transparent. The Russian guy then argues that the part of the US that is not transparent have the most power and is therefore more corrupted.
So riding on the coattail of their argument, I would like to present the question to you (except we'll use Mexico instead of Russia because we're more familiar with Mexico than Russia). In Mexico, corruption is widespread. If you get pulled over by a cop, you can pull out some money and bribe him. If you want to get a project approved, you can bribe a local official. Corruption is well known and people kind of know of the unspoken rules to deal with these corruptions. In the US, it's very rare that you can bribe a police officer for a speeding ticket or bribe a local official to get a project approved because the procedures in place are better established than those in Mexico. But in the US, where we find most of the corruption is in Wall Street and big corporations. These are few in numbers (at least relative to the total number of corruptions in other countries), but their corruption shocks the whole economy. They shock the world economy.
So, what do you think? Is the US less corrupted because we have less incidences of corrupted people, or are we more corrupted because the corruptions have bigger impacts?