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Branko Milanovic on Capitalism, Alone

EconTalk

The Inevitability of Corruption in China

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I want to shift gears radically, and I want to look at China. What you have said about China was utterly fascinating to me. In particular, your emphasis on the inevitability of corruption. There's no simple answer, but you suggest that in the Chinese system, corruption is almost baked in. Now, give us some idea, first of all, of how we know about the corruption. Some of the stories you tell are extraordinary, unbelievable,. And why you suggest there's a tension in the system between too much corruption and the inevitable of the hostile going on.

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