During National Library Week a few years ago, I attended the Golden Leaves event at Cal Poly Pomona’s University Library. Afterwards, I joined a conversation about China, and one American citizen who had never been to China mentioned the corruption in China and how flawed their legal system was. He was adamant that China had to change and become more democratic. He also said there were a lot of angry people in China who wanted change—how did he know that?
However, there are two sides to every story, and “While the true extent and cost of white-collar crime (in the United States) are unknown, it is estimated to cost the United States more than $300 billion annually, according to the FBI.”
The Wall Street Journal reported that the Wall Street corruption and greed in America that caused the 2007/08 global financial crises may have led to global losses of at least $15 Trillion.
In addition, a United Nations report says that by the end of 2009, the global increase in jobless persons was 27 million more than in 2007 before the financial crises hit—should we say, “Thank you, America?”
What about China?
The Economist’s View says, “For one thing, the Chinese trust their government more. According to a recent World Values Survey, 96.7 percent of Chinese expressed confidence in their government, compared to only 37.3 percent of Americans.
“Likewise, 83.5 percent of Chinese thought their country is run for all the people, rather than for a few big interest groups, whereas only 36.7 percent of Americans thought the same of their country. With this relatively higher trust, China’s government and enterprises are better able to enact and implement strict policies that promote saving and growth.”
I wonder if all the greed and corruption in China will ever threaten the global economy and cost millions of people jobs.
And what about corruption in India, the democracy next door to China? We seldom if ever hear anyone criticizing India for corruption. However, Transparency International’s Corruption Perceptions Index ranks India as more corrupt than China. In fact, there are 108 countries of 183 listed as more corrupt than China.
Why does the Western media focus so much attention on China when it comes to the topic of corruption while mostly ignoring the 108 countries worse than China? I mean, even Thailand—a staunch US ally—is more corrupt than China, and Mexico is worse than Thailand and India!
Discover China’s Holistic Historical Timeline
Lloyd Lofthouse is the award-winning author of My Splendid Concubine [3rd edition]. When you love a Chinese woman, you marry her family and culture too. This is the love story Sir Robert Hart did not want the world to discover.
His latest novel is the multiple-award winning Running with the Enemy.
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