Sunday, July 07, 2002

Is this capitalism? Send this entry to: Del.icio.us Spurl Ma.gnolia Digg Newsvine Reddit

Is this capitalism? This Washington Post article is terrifying. Money buys power in China today-and business competition can be deterred by buying judges to jail opponents. This might be a reason why countries with relatively independent judiciaries have an edge in the long-term over China's hollow crypto-fascism (India or Brazil). China is now a culture where the exercise of raw power is all that counts-its ancient traditions were bull-dozed by Communism-and socialism has no appeal to the masses.