I should note that I don't hate Europe (I actually see it as the pinnacle of Western society and feel that other countries will move toward this model as time goes on).

Actually, I have an interview for a tenured prof position in Germany in a few weeks, but I do find the DF/MC idea very interesting if nothing comes through in Europe. Getting a tenured prof position in Europe is very challenging as the number of students/research scientists/professors/universities is strictly controlled by the federal government unlike in the US where any private university can be founded if it's determined to be economically feasible (i.e. student tuition/grants/endowments exceed, or at least equal, the cost of operation) which just isn't really possible in Europe.

I don't think the bribing in DF/MC is that big of deal, unlike, say, in India. However, I do think that lack of transparency will be a serious issue.