
NiHao
@NiHao20010424
1/6 I just read this piece, I have to say corruption is definitely a very significant factor to change the shape of China's economy.
2/6 Corruption mainly works the same as purchasing power transfers. Finance is also a kind of purchasing power transfers. But, a well-functioning finance system transfers the money to fund valuable activities, and it is hard-budget.
3/6 Corruption transfers purchasing powers to someone's pocket secretly. It is often a kind of transfers from people without power to people with power. For example, the corruptions in China's land sells....
4/6 Corruption is often the problem caused by weak mechanism to reconcile public interests and private interests, it is often caused by powers hidden from sunshine.
5/6 Information can be biased in some well-functioning nations, where powers are more disciplined. So, I don't trust the data mentioned in the article can really indicate the real circumstances in China's corruption cases. Such data is definitely biased!
6/6 All in all, the severe saving glut is caused by severe income inequality. Such inequality can distort the domestic economies and international economies. ....