The Chinese published thousands of cases where they with detailed information about how much money was apparently stolen. And what is interesting there, and I divided them into three groups by the level, territorial levels, actually a low level with the county and the highest level is the promise. Obviously you're going to go to embezzle that much in a small village as you would embezzling Shanghai. So these are really the official numbers.
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.