China/Kakistocracy update

Chris Doss chrisd at russiajournal.com
Sun Mar 10 05:32:50 PST 2002


Actually, the big oligarchs in Russia were mostly not deep insiders in the Soviet system. Gusinsky was a theater director, and Berezovosky a mathematician.

Several were influential in the Komsomol, though, like Chubais and Khodorkovky (the richest man in Russia, according to Forbes).

Chris Doss The Russia Journal ------------------

Date: Fri, 8 Mar 2002 23:46:52 -0800 From: "dlawbailey" <dlawbailey at netzero.net> Subject: RE: China/Kakistocracy update

No, CB, I don't accept that the U.S. is nore corrupt than China. Under capitalism, honest dealing *among capitalists* is important for the system to work. That's why Enron is so threatening to capital markets. The US has the most transparent capital markets in the world and threats to that transparency are threats to liquidity. The evidence for that argument is right on the stock ticker.

Under the Chinese command system, corruption itself is important for the system to work. It is the corruption that provides liquidity. Who are the successes in the New China? The same people that succeeded in the New Russia - people who knew how to work the system from within, find real economic value and get at resources trapped in bureaucratic coffers to exploit that value. They were the corrupt officials - scroungers and fixers - who made/make the system work in the first place.



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