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Dirty Money
How Chinese Corruption Corrupts the World
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  • Tom

    “Overall, as we see in the FIFA case, and from the stench emanating from much of the UN and the IOC, an epidemic of corruption is sweeping through international institutions.”

    Correction: the endemic corruption of international institutions is being brought to light.

  • Anthony

    “…there is a serious erosion of standards of morality and legality.” This is not solely Chinese corruption (though in this instance you exemplify). Institutions (and nations perhaps) and laws designed to solve one problem (human self interest defined) often become dated and remain on the books long after problem itself has changed. What you intimate WRM is “why be moral” (ethics – universal application).

    My question begins by pondering the extent moralism applies (legality certainly) as human beings and their experiences have natures such that when influenced in one way they yield one result and when influenced in other ways produce different results. Can there exist WRM a Summum Bonum – “man’s last end” (Thomas Aquinas) applicable globally/internationally?

    An old quote to further underline your thrust: “crime rates are increasing, with no end to such increases in sight. The power of traditional religions to inspire moral conduct continues to decline, with nothing visible to stop such decline. Wars, i.e., little wars, persist even when there is no world war: and military budgets grow despite capacities for overkill. Politicians, legislators, administrators, police and judges seem ever tempted by bribery, and exposes of corruption in the highest places create doubts about whether honesty is yet currency.”

  • Jim__L

    “Everybody else does it and we can’t win if we don’t do it too”. That’s why we have to stand up to Chinese corruption.

    By the way, look at the French as well.

  • Fat_Man

    Chinese corruption does not, cannot, corrupt the UN. The UN is the most vile, corrupt, and useless institution in the world. You can’t make it worse than it is, no matter what you do.

    And FIFA and the IOC are almost as bad as the UN. The US should not try to police these scum pits. The US should simply expel them from its territory.

  • Jacksonian_Libertarian

    Corruption will always be with us, the trick is to get the Government Monopoly to police itself. Democracy does a fair job in the West, by getting politicians eager to dig up dirt on each other in order to take their job. We know this works, because the top 70 Chinese officials are worth over $100 Billion (this doesn’t count their families where the Chinese traditionally hide their ill gotten gains) despite working for tiny salaries their entire career, while the top 538 US officials are worth $2.1 Billion, 50 times less for over 5 times more politicians and most of the wealthiest made their money in the private sector. Term limits would work even better by breaking up networks of corruption that take years to develop because of the risk involved. An improvement on this would be a heavy turn over in US employees, say a person can only work for the Government for 4 years out of every 10-12 years. This would bring in talent from the private sector where the pressure of the “Feedback of Competition” forces continuous improvements, as well as force people back into the private sector before they can develop bad habits and networks of corruption.

  • bannedforselfcensorship

    “Currently, the mix of offshore tax havens, devious bank transactions, shell companies and so on makes it easy for shady people to shelter ill gotten gains”

    Notice you forgot fake foundations, speaker’s fees, and other techniques pioneered by Bill Clinton and his wife.

  • Pait

    Bravo!

  • theBuckWheat

    Václav Havel was a playwright, essayist and a poet. He was also the last President of Czechoslovakia before it was broken up into the Czeck Republic and Slovaka.

    He lived under suffocating socialism. Socialism depends upon a fundamental lie: that society will be better when everyone lives at the expense of everyone else. This required institutionalized lies that had a horribly corrosive effect on humanity. In his famous essay, Power of the Powerless, he wrote:

    “…[socialism] touches people at every step, but it does so with its ideological gloves on. This is why life in the system is so thoroughly permeated with hypocrisy and lies: government by bureaucracy is called popular government;

    the working class is enslaved in the name of the work ing class; the complete degradation of the individual is presented as his ultimate liberation; depriving people of information is called making it available; the use of power to manipulate is called the public control of power, and the arbitrary abuse of power is called observing the legal code; the repression of culture is called its development; the expansion of imperial influence is presented as support for the oppressed; the lack of free expression becomes the highest form of freedom; farcical elections become the highest form of democracy; banning independent thought becomes the most scientific of world views; military occupation becomes fraternal assistance.

    Because the regime is captive to its own lies, it must falsify everything. It falsifies the past. It falsifies the present, and it falsifies the future. It falsifies statistics. It pretends not to possess an omnipotent and unprincipled police apparatus. It pretends to respect human rights. It pretends to persecute no one. It pretends to fear nothing. It pretends to pretend nothing.

    “Individuals need not believe all these mystifications, but they must behave as though they did, or they must at least tolerate them in silence, or get along well with those who work with them. For this reason, however, they must live within a lie. They need not accept the lie. It is enough for them to have accepted their life with it and in it. For by this very fact, individuals confirm the system, fulfill the system, make the system, are the system.”

    from: http://bit.ly/4bqmRu

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