[quote=AN][quote=Jazzman]And you think capitalism doesn’t? Of course there a controls against corruption in China. There is a huge clamp down going on now against regional corruption (if you can believe the media). First, you have to determine what you mean by corruption or fraud. There are restraints on the free movement of capital preventing you from taking money out of China. No wonder people ferret it out illegally. So what may be legit to some may be deemed fraud elsewhere.[/quote]Again, not anywhere close to the same scale. We’re talking about billionaires getting their fortunes through bribery and being able to dictate what business succeed or fail based on whether they get a share of that company or not. All the while the citizens are dirt poor. We’re not talking about American “poor” either. We’re talking about local officials skimming from the top off road projects where the end result funding is a fraction of what it started out as and end up with poor quality roads due to lack of funding. The corruption starts from the bottom and go all the way to the top. I can go on and not, but point is, not even close.[/quote]
Where do you get your information? Western media? I don’t think we can really be sure of the extent of the problem. Corruption is by its nature cleverly concealed. According to the 2014 corruption index, China comes 100th out of 174 countries, so it’s not the most corrupt country. That doesn’t mean it isn’t a problem, but I don’t believe corruption is endemic to post-communist regimes. It’s everywhere, but is generally worse in poorer countries. US/China tensions no doubt magnify each other’s shortcomings.