The paradox of vast corruption and fast growth in China's "Gilded Age"
Sinica Podcast
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Do Drugs Have Side Effects?
i think the drug analogies really, really helped to get the point across. And that is pre cisely why i wanted to use the analogy of drugs. Because intuitively, we al now, drugs have sside effects. I saw, no corruption is ever good, but we do want to not the different side effects. So in in a case like china, and i also compare it with nineteenth century america, which is the original gilded age,. they are fining. Type of corruption is access money. And that corruption leads specifically to a form of growth that is in balance and high risk. That's exactly what we see in china to day, with president
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