The paradox of vast corruption and fast growth in China's "Gilded Age"
Sinica Podcast
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Unbundling Corruption and the Four Types of Corruption
The four types of corruption that i hilite. The first two are what i call corruption with theft, meaning there's a government official who is just stealing public funds and putting them in his own pocket. Petty theft would be like a policeman coming to you, shaking you down, basily extort ting in a hundred dollars out of you. And grand theft would be a high level government officials who sciphen billions of dollars out of state bank accounts into swiss bank accounts. Then we get to the fourth type, which is the most interesting variety, access money. So access money are privileges paid to powerful officials, not just for speed, but for access to buy special deals
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