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.
Economist and author Branko Milanovic of the Graduate Center, CUNY, talks about his book, Capitalism, Alone, with EconTalk host Russ Roberts. They discuss inequality, the challenge of corruption in the Chinese system, and Milanovic's claim that in American capitalism, the texture of daily life is increasingly affected by the sharing economy and other opportunities.