In China, the rich and powerful can hire body doubles to do their prison time

Agreed. Great wealth and connections didn't seem to help Raj Rajaratnam of Galleon (a billionaire) avoid prison for insider trading. Or Rajat Gupta. Or the ~60 other wealthy hedge fund managers and their associates who have been convicted in the investigation. (Or, for that matter, Michael Milken.)

Does it also mean people who bought houses way out of their price range in hopes of selling them to the next fool and took out huge home equity loans and blew it on vacations and luxuries and then defaulted on their loans and by this contributed to the following economic crash - should they go to jail too? They were reckless without doubt.

I also submit it was reckless to provide mass government guarantee for subprime loans - after all, they are subprime for a reason, due to very high default risk, and when this risk materialized - and it had to materialize sometime unless whoever evaluated these loans as subprime was wildly mistaken - taxpayers were on the hook for these loans. Should people who supported FNM and FMA operations go to jail for that?

I'm afraid we'd end up jailing a real lot of people, including a lot of politicians, if we go this road. And if it would produce any negative consequences, we'd also have to jail whoever proposed such laws - as it would be deemed reckless to propose it...

I think it's cool that you know 985 :-) 985 is like Tier 1.5, so they are already decent comparing to the other 2000+ universities in China. But I never heard about "Ningda"...

Most common rural guys I know want to be a boss deep in their hearts, but they are less likely to reveal that to a foreigner. Chinese people are quite shy about their dreams. On the other hand, it is probably better to ask this question in urban regions. If someone goes to a Texas farm and ask their opinions on founding Internet Startups, probably the answers won't be very encouraging as well.

One thing I like about the Gaokao (University Entrance Exam) system: it is good for one thing - the family connections matter less than in US for this matter. As long as your score is impressive enough, you are in Tsinghua / Peking.

And that's why I have some faith in China. China has this "Exam to Win" system for 1400 years: http://en.wikipedia.org/wiki/Imperial_examination which explains why the Chinese are so good at it.

Take a look at the President of China (Hu Jintao). He has no family background at all (surprise), and got into the best university by his own efforts. But we only heard media fussing about Obama being the American Dream.

http://en.wikipedia.org/wiki/Hu_Jintao

"Though his father owned a small tea trading business in Taizhou, the family was relatively poor. His mother was a teacher and died when he was seven, and he was raised by an aunt. Hu's father was later denounced during the Cultural Revolution, an event that (together with his relatively humble origins) apparently had a deep effect upon Hu, who diligently tried to clear his father's name.[6]"

People who studied Chinese Politics 101 knows the de facto ruling authority of China is a group of 9 persons:

http://en.wikipedia.org/wiki/Politburo_Standing_Committee_of...

and after Mao and Deng, no one has such power to overwhelm the other eight. Talk to a Chinese about Hu being a dictator and he wil laugh. (Yes, the Communist Party is dictating, but there are ~80 million people in it. No, I am not one of them. Actually I find it a bit scary that almost all of the smartest young people I know are now in it, and they are not naive teens - most of them are i-bankers / phds in top WallSt firms and US universities. Think about what will happen in 20 years).

Interesting enough, all of the 9 persons has no connections as well (except for the newly elected and soon-to-be-president Xi, who is the son of a former Vice-Premier. China is following the same path as every other developed country). What's more interesting: they are all Engineers. Shocking fact: China is a country running as a machine (at least at the highest level). Engineers couldn't care less about the people, but you can bet the country surely "move fast and break things". China = Crazy Startup (and yes, employees do suffer. No talk of democracy in companies). Consider this: if China is really so deeply corrupted, how come it is also developing so fast?

Eventually the lawyers and businessmen will take over and people will talk about China being the "largest democracy". Good thing for the people. I am not sure whether it will be good for the country. Aren't the people more important than the country? Or not? Tough question. I think it depends on the development stage.

TL;DR: The Chinese system is bad for the people. But it works well for the country. China is very corrupted in some sense, and highly effective in another sense.

I think it's technically incorrect, actually. In standard English, American is the demonym used to refer to citizens of the USA.

People seem to make a number of wrong assumptions on that, including 1) it can't also be the demonym for anyone else and 2) other countries can decide another countries demonym in their native language. Both of these things are patently false. If someone wants to use American to refer to a member of the Americas (continents) then they certainly can, but they should include enough context to disambiguate. Moreover, other nations don't decide what a nation gets to call itself in its native language. We call ourselves Americans -- so we are Americans. If other countries don't like that, well, tough for them.

sad. i have a theory that this happens for entrance examinations and things like SATs. i sometimes see these morons getting into good schools like harvard from china. take for instance bo xi lai's son.