It also corrodes the international rule of law and violates Australia's international law obligations.
Furthermore, the sort of nationalism that begets it corrodes the very globalisation that Carnegie would have recognised as a source of the greater prosperity.Bessemer unconvertedAlmost everywhere you look, some government or other is moaning about nasty "foreign" takeovers.
Opponents argue that ethanol has serious problems it is difficult to transport (it corrodes oil pipes), risky to use (misfuelling in older cars is inevitable) and requires lots of energy and land to produce.Growth Energy called the EPA's decision an "important first step".
Bad government undermines trust, which in turn corrodes democracy.
Insider trading corrodes investors' confidence in markets, making them less likely to buy shares and threatening liquidity.
The scandal also corrodes further what little remains of public trust in banks and those who run them.Like many of the City's ways, LIBOR is something of an anachronism, a throwback to a time when many bankers within the Square Mile knew one another and when trust was more important than contract.
Throwing muses Talk, talk Go gentle into that good night The City dark We are all salesmen now ReprintsIt is this haunting uncertainty that corrodes the remnants of Willy's sanity as his career, dreams and very self-image turn to dust before him.
Tolerating corruption and misrule create your biggest danger – cynicism: Nothing corrodes public confidence more than the feeling that the new politicians are no better than the old ones, that promises are made to be broken and that ideas are just for show.
Airlines have long kept air dry because humidity corrodes metals.
But many conservative politicians in Japan prefer to label the women wartime prostitutes, which infuriates South Koreans and corrodes diplomatic ties between the two countries.
Blatant graft corrodes voters' support in the rich world for debt relief and aid.In this section At war with itself Enemies of democracy From Karl Marx's copybook The magic of Lula Wolfowitz's new war Reprints Related items The World Bank: Just saying noMar 2nd 2006To be fair, James Wolfensohn, Mr Wolfowitz's predecessor, condemned the "cancer of corruption" a decade ago.
