I think over the past 25 years I have been attentive to corporate / government governance, the same 25 years of the US's very rapidly evolving relationship with the economies of Asia, I have frequently thought American business / politics was learning some lessons from Asian business / governance.
The biggest lesson we seem to have learned is how to steal, lie, cheat and otherwise rake as much money out of our "system" be it corporate oligopolistic industries where CEO's have effectively stolen billions from the ever increasing "profits" of non competitive oligopolies or political figures figuring out how to transfer billions of dollars to their well connected "welfare" buddies or themselves through various creative "ventures".
Reading in the FT today about the $34 Billion (yes $34 Billion) of "misused funds in government accounts" in China reminds me that we still have a little way to go but not far, we are definitely catching up.
You can read the entire article here.
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