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What is the greatest looting of a country by the political class ever seen in history? HINT: NOT the USA

 
Anonymous Coward
User ID: 700055
Japan
12/20/2012 12:13 AM
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What is the greatest looting of a country by the political class ever seen in history? HINT: NOT the USA
"The current political leadership of China represents the greatest looting of a country by the political class ever seen in history. In the Hurun Report released in March 2012—the richest 70 members of the government have a net worth of $89.8 billion, an average of over $1B each. This compares to $7.5 billion for the 660 for the US government, an average of $11M each. China’s Billionaire People’s Congress Makes Capitol Hill Look Like Paupers. In a country so indoctrinated in the works of Marx, it seems only a matter of time before the current Chinese proletariat, suffering under extreme wealth distribution, will rise up.

[…]

Furthermore, this does not take into account the wealth held by the families of these politicians. Nor is this corruption limited to politicians. The military, according to John Garnaut’s report, has become one of the most corrupt state enterprises of all. China’s wealth distribution is becoming completely one sided The success of 300m Chinese who live in western level prosperity depends on the continued exploitation and good nature of one billion people who live on an average of $5000 per annum.

[…]

Never in history has a government at this scale been so completely captured by a political class intent on enriching itself, serving not the best interests of the people but their own ends. When and in what form the indolent mob rises up is hard to say. The reality, though, is that the Chinese political class is losing control. Guanxi the essential system of trust that holds the Chinese system together is breaking down, as is the Leninist vanguard system of controlling state affairs through the CCP. A system of mutual trust and a central party vanguard is impossible to maintain in a Kleptocracy.

[link to www.debtdeflation.com]
Anonymous Coward (OP)
User ID: 700055
Japan
12/20/2012 12:20 AM
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Re: What is the greatest looting of a country by the political class ever seen in history? HINT: NOT the USA
China is DOOMED. Fact.

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