Synchro:
I guess we can agree that we disagree. <g>
There has been corruption ever since Eve got Adam to bite
the apple.
One of the reasons I like investing in Chinese companies is they
are open about who is in favor. I bought CITIC Pacific many years
ago simply because the "board of directors" was the Chinese central
committee. One of their subsidiaries is an airline called Dragon Air.
When a new air route came open in China, guess who the guy at the Chinese equivalent of the FAA gave it to? Bingo! The company he owned
stock in.
Unlike the U.S. system where one has to be "in the know" to find out who is getting paid off, it's public over there. No need to spend
a long time finding out that Bob Dole got wealthy on a Senators salary because his wife started a catering company. I've read if you wanted to get your bill by Dole's committee, you best have his wife cater your party.
We don't even need to go into The Iran Contra deal, payola, watergate,
Burt Lance, Agnew, Nixon, Paul Simon, whitewater, ad infinitum.
One thing I will give the Chinese credit for..... having money
is no sure way to buy your way out of justice. (Remember O.J. Simpson?) The Chinese caught some wealthy executives dipping in the till. ::Bang:: they shot them. No Johnny Cochran, no F. Lee Bailey. You stole the money, you get shot.
Regards,
Doug |
