The Cost of Corruption: Who Really Pays?

Posted by:

|

On:

|

The Cost of Corruption: Who Really Pays?

Mark locked up his print shop for the last time, staring at the “For Lease” sign in the window. Just a year ago, his business was thriving—orders from the hospital, local schools, and restaurants kept his presses running late into the night. But now, everything was gone.

He sighed, turning to his long-time employee, Jake.

“I never thought it’d end like this.”

Jake shuffled his feet, avoiding eye contact. “Neither did I, boss. I mean… we did everything right. We worked hard, we played fair.”

Mark shook his head. “That’s the problem. The game was never fair to begin with.”

A large healthcare corporation had consolidated all regional operations and moved its purchasing to a distant corporate office. Instead of using local suppliers, they signed exclusive contracts with national chains—companies backed by millions in government grants and subsidies.

Within months, Mark’s revenue plummeted by 60%.

He cut expenses. He let go of two employees. He stopped sponsoring the town’s Little League team. But it wasn’t enough.

And Mark wasn’t the only casualty.

  • The local paper supplier had fewer clients, leading to layoffs.
  • The nearby café, where Mark’s employees used to grab breakfast, saw fewer customers.
  • The freelance designer who worked with Mark lost her biggest client and had to move away for work.

The ripple effect devastated the community.

“They didn’t beat us because they were better, Jake,” Mark said bitterly. “They beat us because they had government money, political connections, and a monopoly on the system.”

Jake exhaled sharply. “And we just have to take it?”

Mark locked the door one last time. “Not if people finally wake up.”

This isn’t just Mark’s story. This is happening everywhere.


The Hidden Tax on Producers

Imagine waking up one morning to find that everything you’ve worked for—your home, your savings, your job—has been quietly siphoned away overnight.

You never saw the bill. You never agreed to the terms. And yet, you’re expected to pay.

This is the invisible cost of corruption.

When governments and corporations engage in unethical practices, the burden never falls on the CEOs in boardrooms. It falls on you.

✔️ Price-Fixing Costs You More

  • In 2012, LG, Sharp, and Chunghwa were fined $1.92 billion for conspiring to fix LCD panel prices, inflating costs for consumers and businesses alike. [1]
  • In 2018, Barclays, Citigroup, and JPMorgan were fined $1.3 billion for manipulating foreign exchange markets, increasing costs for businesses worldwide. [2]

✔️ Healthcare Fraud Drives Up Your Insurance

  • In 2019, Reckitt Benckiser paid $1.4 billion after falsely marketing Suboxone as safer than it really was. [3]
  • Healthcare fraud costs Americans $60 billion annually—and the bill is passed down to you through higher insurance premiums. [4]

✔️ Bailouts Reward Corporate Failure While You Struggle

  • In 2008, AIG, Citigroup, and Bank of America received billions in taxpayer money, while executives still collected bonuses. [5]
  • In 2020, the U.S. airline industry took $50 billion in relief funds—then laid off tens of thousands of employees. [6]

These aren’t just numbers. This is money taken from workers, small business owners, and honest taxpayers—to protect the powerful.

The question isn’t whether you’ll pay.

It’s how much.


The Pattern is Clear

Every time a financial crisis hits, who gets bailed out?

Take 2008. The financial collapse was caused by predatory lending, reckless risk-taking, and zero accountability.

Banks packaged bad mortgages into securities and sold them like foolproof investments. It was a house of cards. And when the market crashed?

  • Lehman Brothers CEO Richard Fuld walked away with $484 million before the firm collapsed. [7]
  • AIG, which received a $182 billion bailout, paid out $165 million in bonuses—to the very division responsible for its downfall. [7]

And now?

  • Banks are back to risky lending practices.
  • Corporations still get billions in subsidies while small businesses struggle.
  • Insiders profit while everyday people lose their homes, jobs, and savings.

The system wasn’t built to protect those who work hard and play fair.

It was built to protect those who play the system.

Unless something changes, this cycle will never stop.


What Can You Do?

You don’t have to sit back and accept this.

Corruption thrives in silence. The more people call it out, expose it, and refuse to accept it as “just the way things are,” the harder it becomes for these institutions to operate unchecked.

🔹 Pay attention. Who’s really benefiting from the policies and financial decisions that affect your daily life?
🔹 Vote differently. Stop electing people who protect monopolies instead of the middle class.
🔹 Support businesses that play fair. Stop funding corporations that rely on government bailouts, subsidies, and price-fixing.
🔹 Spread the message. The more people understand how corruption works, the less power it holds.

At MTWX.ca, we exist to expose corruption and demand accountability.

We are not powerless—but only if we act.


Now, It’s Your Turn

Have you seen corruption like this firsthand?

  • Have government policies hurt a business in your town?
  • Have you felt the weight of corporate greed in your own job, savings, or daily expenses?
  • What do you think needs to change?

I want to hear your thoughts. Reply to me directly at bob.gallagher@mtwx.ca.

Because if we don’t start this conversation now… who will?


Sources

Mark locked up his print shop for the last time, staring at the “For Lease” sign in the window. Just a year ago, his business was thriving—orders from the hospital, local schools, and restaurants kept his presses running late into the night. But now, everything was gone.

He sighed, turning to his long-time employee, Jake.

“I never thought it’d end like this.”

Jake shuffled his feet, avoiding eye contact. “Neither did I, boss. I mean… we did everything right. We worked hard, we played fair.”

Mark shook his head. “That’s the problem. The game was never fair to begin with.”

A large healthcare corporation had consolidated all regional operations and moved its purchasing to a distant corporate office. Instead of using local suppliers, they signed exclusive contracts with national chains—companies backed by millions in government grants and subsidies.

Within months, Mark’s revenue plummeted by 60%.

He cut expenses. He let go of two employees. He stopped sponsoring the town’s Little League team. But it wasn’t enough.

And Mark wasn’t the only casualty.

  • The local paper supplier had fewer clients, leading to layoffs.
  • The nearby café, where Mark’s employees used to grab breakfast, saw fewer customers.
  • The freelance designer who worked with Mark lost her biggest client and had to move away for work.

The ripple effect devastated the community.

“They didn’t beat us because they were better, Jake,” Mark said bitterly. “They beat us because they had government money, political connections, and a monopoly on the system.”

Jake exhaled sharply. “And we just have to take it?”

Mark locked the door one last time. “Not if people finally wake up.”

This isn’t just Mark’s story. This is happening everywhere.


The Hidden Tax on Producers

Imagine waking up one morning to find that everything you’ve worked for—your home, your savings, your job—has been quietly siphoned away overnight.

You never saw the bill. You never agreed to the terms. And yet, you’re expected to pay.

This is the invisible cost of corruption.

When governments and corporations engage in unethical practices, the burden never falls on the CEOs in boardrooms. It falls on you.

✔️ Price-Fixing Costs You More

  • In 2012, LG, Sharp, and Chunghwa were fined $1.92 billion for conspiring to fix LCD panel prices, inflating costs for consumers and businesses alike. [1]
  • In 2018, Barclays, Citigroup, and JPMorgan were fined $1.3 billion for manipulating foreign exchange markets, increasing costs for businesses worldwide. [2]

✔️ Healthcare Fraud Drives Up Your Insurance

  • In 2019, Reckitt Benckiser paid $1.4 billion after falsely marketing Suboxone as safer than it really was. [3]
  • Healthcare fraud costs Americans $60 billion annually—and the bill is passed down to you through higher insurance premiums. [4]

✔️ Bailouts Reward Corporate Failure While You Struggle

  • In 2008, AIG, Citigroup, and Bank of America received billions in taxpayer money, while executives still collected bonuses. [5]
  • In 2020, the U.S. airline industry took $50 billion in relief funds—then laid off tens of thousands of employees. [6]

These aren’t just numbers. This is money taken from workers, small business owners, and honest taxpayers—to protect the powerful.

The question isn’t whether you’ll pay.

It’s how much.


The Pattern is Clear

Every time a financial crisis hits, who gets bailed out?

Take 2008. The financial collapse was caused by predatory lending, reckless risk-taking, and zero accountability.

Banks packaged bad mortgages into securities and sold them like foolproof investments. It was a house of cards. And when the market crashed?

  • Lehman Brothers CEO Richard Fuld walked away with $484 million before the firm collapsed. [7]
  • AIG, which received a $182 billion bailout, paid out $165 million in bonuses—to the very division responsible for its downfall. [7]

And now?

  • Banks are back to risky lending practices.
  • Corporations still get billions in subsidies while small businesses struggle.
  • Insiders profit while everyday people lose their homes, jobs, and savings.

The system wasn’t built to protect those who work hard and play fair.

It was built to protect those who play the system.

Unless something changes, this cycle will never stop.


What Can You Do?

You don’t have to sit back and accept this.

Corruption thrives in silence. The more people call it out, expose it, and refuse to accept it as “just the way things are,” the harder it becomes for these institutions to operate unchecked.

🔹 Pay attention. Who’s really benefiting from the policies and financial decisions that affect your daily life?
🔹 Vote differently. Stop electing people who protect monopolies instead of the middle class.
🔹 Support businesses that play fair. Stop funding corporations that rely on government bailouts, subsidies, and price-fixing.
🔹 Spread the message. The more people understand how corruption works, the less power it holds.

At MTWX.ca, we exist to expose corruption and demand accountability.

We are not powerless—but only if we act.


Now, It’s Your Turn

Have you seen corruption like this firsthand?

  • Have government policies hurt a business in your town?
  • Have you felt the weight of corporate greed in your own job, savings, or daily expenses?
  • What do you think needs to change?

I want to hear your thoughts. Reply to me directly at bob.gallagher@mtwx.ca.

Because if we don’t start this conversation now… who will?


Sources

  1. U.S. Department of Justice. Justice Department Fines LCD Price-Fixing Cartel. (2012).
  2. European Commission. Antitrust: Commission Fines Banks for Forex Cartel. (2018).
  3. U.S. Department of Justice. Reckitt Benckiser to Pay $1.4 Billion in Opioid Fraud Settlement. (2019).
  4. National Health Care Anti-Fraud Association. The Impact of Healthcare Fraud on Consumers. (2021).
  5. U.S. Government Accountability Office (GAO). Troubled Asset Relief Program: One Year Later. (2009).
  6. CNBC. U.S. Airlines Took $50 Billion in Aid, Then Laid Off Thousands Anyway. (2020).
  7. Morgenson, Gretchen. Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon. Times Books, 2011.