18 Apr LRP #8 – The Best Officials Money Can Buy: China’s Crony Capitalism
Is President Xi Jinping’s anti-corruption campaign working, or is it simply driving corruption underground? This episode we are joined by Minxin Pei from Claremont McKenna College, who has just released a forensic analysis of China’s corruption market, with insights gained from an examination of court cases. Among his findings are the fact that eighty-four percent of convicted officials were promoted while engaged in corruption, that those caught taking bribes had been doing so for an average of nine years, and that the higher the level of corruption the longer officials get away with it. Pei not only argues that China has reached the late stage of regime decay, he is even willing to estimate how much longer he believes Communist rule can last.