2min chapter

Freakonomics Radio cover image

481. Is the U.S. Really Less Corrupt Than China?

Freakonomics Radio

CHAPTER

China's Economy Prospered So Much Despite High Levels of Corruption?

Why has china's economy prospered so much despite such high levels of corruption? The short answer is that it has to do with the type of corruption that came to dominate in the economy, grove damaging forms of corruption wer effectively contained over time. If you are talking about extortion and embezzlement, that could never be good for any economic activity. But if you're talking about influence paddling, well, you know, it might actually be really good for business.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode