The antifreeze toothpaste people didn’t get away with it, nor did the 3000 pigs in the river people, and nor did that one group of executives who were in charge of a fertilizer/chemical plant that was one of the largest industrial catastrophes in the world let alone China. If you get caught in China, Vietnam, or Singapore the penalties for white collar criminals is zero tolerance. You can’t buy your way out if you do…
China sentences official to death for taking $325M in bribes
341–350 of 523 posts
Re: China sentences official to death for taking $325M in bribes
#342Re: China sentences official to death for taking $325M in bribes
#343The antifreeze toothpaste people didn’t get away with it, nor did the 3000 pigs in the river people, and nor did that one group of executives who were in charge of a fertilizer/chemical plant that was one of the largest industrial catastrophes in the world let alone China. If you get caught in China, Vietnam, or Singapore the penalties for white collar criminals is zero tolerance. You can’t buy your way out if you do…
Re: China sentences official to death for taking $325M in bribes
#344Re: China sentences official to death for taking $325M in bribes
#345does punishing corruption with a death sentence - look excessive ? Yes! is it prone to abuse by those who yield power - Yes! however - the alternative - where corruption goes unchecked is even worse!! if you come from a poor country e.g in Africa - you would've experienced the effects of corruption. American are now experiencing it now - & the country is already worse off. though before corruption in American was use…
Death sentence is excessive. But many people here will be comparing it to the USA where the current punishment for corruption is nothing. Literally nothing. You just get away with it in plain sight We don't need death sentence, we just need, like, any regular sentence
Holmes et co have been charged and incarcerated, SBF is also sitting in prison, other executives at smaller companies have also been prosecuted and faced imprisonment. I think there is a lot of fraud in various industries, but some of it is prosecuted, and some of it is legal enough that there is only a fine to pay. There is some accountability, and as much as i can criticize what corps do, i don't think of them as "legally responsible" for every misuse of their tools. Today it seems that if someone cuts their own leg off with a power saw it is a lawsuit against the tool company.
Re: China sentences official to death for taking $325M in bribes
#346Earlier quoted context omitted.
Are you sure? Do you have an example of substantial disaster or scandal that resulted in loss of life and loss of face for China, but perpetuators got away? For UK I have: Grenfell tower scandal (over 100 dead, no one in prison), infected blood scandal (thousands dead, no one in prison), postmaster scandal (thousands falsely imprisoned , no perpetrator in prison), etc.
Are we restricting this to businesses, or is the genocide of the Uyghurs fair game?
Wuhan situation is clearly government policy. It may be terrible, but that is besides the point.
It was not policy of British government to burn down a skyscraper in central london with hundred of people inside cooked alive.
It was not the policy of British government to infect 30,000 people with AIDS.
Yet British government is unable or unwilling to take action against people responsible.
Re: China sentences official to death for taking $325M in bribes
#347But I gotta say something: if the EU or the US were to kill politicians taking in bribes, there wouldn't be many politicians left.
Re: China sentences official to death for taking $325M in bribes
#348Earlier quoted context omitted.
And he still isn't a billionaire. There's no credible evidence to suggest he's even 8-9 digit millionaire outside of FLG spam or US intelligence / DNI copium that he's hiding $$$ via extended family, who leveraged their princeling/read family stature to get rich well before Xi. Like all signs comports with wikileak CIA profile that Xi is incorruptible by money / not $$$pilled. See bloomberg investigation 10 years ago…
> he still isn't a billionaire There is credible evidence his family controls billions of dollars of assets. Those assets accumulated in direct correlation with his power. Chinese state media disagrees, and if that's your cup of tea for Chinese leaders' corruption, I guess sure, Trump's also clean as a whistle.
None sequitur / who cares? Xi personally doesn't have obscene wealth/assets according to relevant evidence which is what matters.
Many CCP red family nepo babies/princelings influence peddled their way to wealth in last 50 years, they get are first dibs aristocracy class and their wealth should logically snowball with PRC moving from billion to trillion $ economy.
But Xi himself specifically has been outlier in how squeaky clean, even by western investigations. Nothing has been tied to him, hence lame "but his family manages his wealth" cope. Like the bro married Chinese 80s Taylor Swift and all signs point to him being fine what he has, which is not nothing, but also not extravagant, which makes trying to associate him to stupendous graft levels corruption he is trying to fix impossible.
Of course broader PRC leadership class has lots of corruption from development, it should be expected that Xi's sister/husband, both from red families to be wealthy from PRC development, but timeline of Xi's sister/husband wealth predates Xi - i.e. early real estate / rare earth investments. Difference between Xi and Trump is Xi himself has been historically clean, and in office made his family divest/liquidate 100ms in assets vs Trump is is historically unclean and family uses his influence to accumulate.
So no, all signs point to Xi is clean as a whistle while Trump isn't, and its ridiculous to equate the two just because both families are wealthy.
And to circle to original claim, there is no evidence that Xi is fantastically corrupt, only evidence to the contrary, that he is outlier in how uniquely uncorrupt he is relative to elite prestige, access, opportunities.
Re: China sentences official to death for taking $325M in bribes
#349Earlier quoted context omitted.
The PRC is lapping us in everything from solar panels to electric cars to broad-based robotics and AI in real goods heavy industry. Their power grid runs at a huge margin of excess capacity and they easily bring more online because they can still do infrastructure projects. They are rapidly overtaking the United States in domestic, sovereign, and secure semiconductor fabrication. They're a couple of nodes behind but…
As I said, I have yet to see evidence. That's a bunch of words, but if we didn't know before LLMs and before the Internet, we know now: words are cheap and valueless without other properties. What distinguishes those words from propaganda? Why should someone believe it's true? Throwing insults at people who disagree or question you makes it less likely there is substance to the words.
Re: China sentences official to death for taking $325M in bribes
#350Earlier quoted context omitted.
Xi has shown repeatedly that he’s serious about corruption. As others have noted, some of the highest civilian and military officials have been removed for it. Some sentenced to death. He sees it as a challenge to his legitimacy and China’s power, which, as you’d expect are the most important things to him; even if you take the most cynical view. Another timely example, because it is the World Cup, is the Chinese foo…
> Xi has shown repeatedly that he’s serious about corruption. that's BS cracking down on corruption has been a common tactic for decades to get rid of people who are a threat to the top dog at the CCP, and Xi has employed this perhaps better than anyone since Mao are those people being purged corrupt? probably most are. but plenty of people who are corrupt aren't purged, it's a highly selective process. Xi started th…