[lbo-talk] My Recent Encounters with Chinese Capitalism

[michael perelman]

My experience was not particularly Chinese & maybe not particularly
characteristic of capitalism.  The line is that the country represents
socialism with Chinese characteristics.  And, yes, greed and
corruption were not unknown in China beforehand.  Emperors would come
to power by killing their relatives.

My experience is that over 5 years, the hotel, which has a picture of
Zhou En Lai in the lobby has changed as management has passed in to
private hands.

Also, corruption has taken on a brazenness that seems new, like the
young man who killed someone with his car and protested his arrest by
shouting "I am the son of [I forget the name]."  Also, there is no
pretense at all of good intentions, such as when a company sells
plastic made to look like rice or contaminates milk.

-- 
Michael Perelman
Economics Department
California State University
Chico, CA
95929

530 898 5321
fax 530 898 5901
http://michaelperelman.wordpress.com