BlogMatrix
 

China Corruption Audit

edit Little Tobacco 2005-10-03 17:22 UTC add comment  ·  ·  ·  ·

Some of you may have seen the news reports on China's corruption audit. The government did an audit and found, to everyone's surprise that there was corruption. Heads will roll - literally. For those in the west who see tyrannies as legitimate, this audit is evidence that a police state can control the corruption within the government. In reality, the audit is a way to consolidate power. On the list, I assure you, are those the leaders want gone from the competition for the graft. There will be reformers on the list and those that have not paid the graft up the chain. There is no capitalism in China. Capitalism is about the creation of wealth. The Chinese are not interested in making money, they are interested in taking money. They simply do not run profitable companies because, so long as the money flows up, the banks will never call a loan. We should think about this when we see Chinese "corporations" wanting to purchase Canadian resource companies. The resources will no longer trade on the free market and the "profits" will be used to line the pockets of corrupt tyrants who are fundamentally opposed to individual freedom.

Add Comment