The social damage is a damage suffered by the society as a whole because of corruption, bad use of public money, or wrongdoing. The social damage includes the stolen assets, the wasted money that could be alternatively spent by the society, and also ethical dimensions, like moral damages or violation of trust regarding public values.
A Nascent Concept
The social damage is a damage suffered by the society as a whole and differs from the private damage that is incurred by a private entity. The possibility to pay a compensation to the victim who is the “society as a whole” recently emerged.
The social damage was directly mentioned in the settlement agreement related to corruption between Alcatel and the Costa Rica. In 2010, this French firm agrees to compensate for the damage coming from briberies and caused to citizens. Alcatel paid US$10 million for compensating this social damage. This settlement does not impede additional compensations to other victims, like private...
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