China's Crony Capitalism: The Dynamics of Regime Decay

China s Crony Capitalism The Dynamics of Regime Decay When Deng Xiaoping launched China on the path to economic reform in the late s he vowed to build socialism with Chinese characteristics More than three decades later China s efforts to modernize

  • Title: China's Crony Capitalism: The Dynamics of Regime Decay
  • Author: Minxin Pei
  • ISBN: 9780674737297
  • Page: 338
  • Format: Hardcover
  • When Deng Xiaoping launched China on the path to economic reform in the late 1970s, he vowed to build socialism with Chinese characteristics More than three decades later, China s efforts to modernize have yielded something very different from the working people s paradise Deng envisioned an incipient kleptocracy, characterized by endemic corruption, soaring income ineWhen Deng Xiaoping launched China on the path to economic reform in the late 1970s, he vowed to build socialism with Chinese characteristics More than three decades later, China s efforts to modernize have yielded something very different from the working people s paradise Deng envisioned an incipient kleptocracy, characterized by endemic corruption, soaring income inequality, and growing social tensions China s Crony Capitalism traces the origins of China s present day troubles to the series of incomplete reforms from the post Tiananmen era that decentralized the control of public property without clarifying its ownership.Beginning in the 1990s, changes in the control and ownership rights of state owned assets allowed well connected government officials and businessmen to amass huge fortunes through the systematic looting of state owned property in particular land, natural resources, and assets in state run enterprises Mustering compelling evidence from over two hundred corruption cases involving government and law enforcement officials, private businessmen, and organized crime members, Minxin Pei shows how collusion among elites has spawned an illicit market for power inside the party state, in which bribes and official appointments are surreptitiously but routinely traded This system of crony capitalism has created a legacy of criminality and entrenched privilege that will make any movement toward democracy difficult and disorderly.Rejecting conventional platitudes about the resilience of Chinese Communist Party rule, Pei gathers unambiguous evidence that beneath China s facade of ever expanding prosperity and power lies a Leninist state in an advanced stage of decay.

    China s Crony Capitalism The Dynamics of Regime Decay China s Crony Capitalism details the forms of corruption taking place within China centered on how individuals within government extract wealth from the system It goes through corruption in the political system, judicial as well as law enforcement. China s Crony Capitalism Minxin Pei Harvard University China s Crony Capitalism traces the origins of China s present day troubles to the series of incomplete reforms from the post Tiananmen era that decentralized the control of China s Crony Capitalism The Dynamics of Regime Decay Aug , China s Crony Capitalism is an extremely eye opening book Pei clearly spells out how collusive corruption occurs within the Chinese Communist Party CCP and the institutional conditions brought about by reform that have made such corruption so endemic. China s Crony Capitalism eBook Minxin Pei China s Crony Capitalism details the forms of corruption taking place within China centered on how individuals within government extract wealth from the system It goes through corruption in the political system, judicial as well as law enforcement. China s Crony Capitalism Minxin Pei Harvard University As Minxin Pei notes in a brilliant book, China s Crony Capitalism, it is all too easy for a would be strongman to use the charge of corruption as a cudgel against rivals Yet it is so effective precisely because it is plausible Using evidence published by the Chinese authorities, Pei shows that collusive corruption is pervasive. China s Crony Capitalism The Dynamics of Regime Decay China s Crony Capitalism The Dynamics of Regime Decay Chinese political elites have another disadvantage in converting monopolistic political power into economic wealth themselves their lack of the entrepreneurial skills needed to realize the full market value of the state owned assets under their control. Review China s Crony Capitalism, by Minxin Pei THE Books Nov , China s Crony Capitalism The Dynamics of Regime Decay, by Minxin Pei The major players are bent officials at every level who sacrifice the interests of the state that is, most Chinese to their own interests For the first time in China, organized crime , which Pei calls the mafia , whose traditional activities were prostitution and gambling, China s Crony Capitalism The Dynamics of Regime Decay This book traces the origin of China s crony capitalism to a set of incomplete reforms of property rights in the post Tiananmen era that have decentralized the control of Economist Book Review China s Crony Capitalism AC News Oct , We have already mentioned Professor Pei s new book China s Crony Capitalism The Dynamics of Regime Decay, but here s a little on it from The Economist China is the Ultimate Crony Capitalist State From The Economist China has never had a formal privatisation programme. Crony capitalism Crony capitalism Crony capitalism is an economy in which businesses thrive not as a result of risk, but rather as a return on money amassed through a nexus between a business class and the political class This is done using state power to crush genuine competition in handing out permits, government grants, special tax breaks,

    • Best Read [Minxin Pei] ✓ China's Crony Capitalism: The Dynamics of Regime Decay || [Comics Book] PDF ↠
      338 Minxin Pei
    • thumbnail Title: Best Read [Minxin Pei] ✓ China's Crony Capitalism: The Dynamics of Regime Decay || [Comics Book] PDF ↠
      Posted by:Minxin Pei
      Published :2019-07-19T20:39:24+00:00

    About "Minxin Pei"

    1. Minxin Pei

      Minxin Pei is a political scientist and the director of the Keck Center for International and Strategic Studies at Claremont McKenna College Prior to this position, he was a senior associate in the China Program at the Carnegie Endowment for International Peace, and was a professor at Princeton University from 1992 to 1998 He holds a B.A in English from Shanghai International Studies University, an MFA in Creative Writing from University of Pittsburgh and an M.A and PhD in political science from Harvard University He is an expert in Sino American relations.

    923 thoughts on “China's Crony Capitalism: The Dynamics of Regime Decay”

    1. Upon further study, I have to admit my glowing feelings about this book were largely misplaced. Pei commits serious methodological errors which cast doubt on the validity of his conclusions. For example, he cites state-media news stories and the first pages of Google as verifiable data sources. Taking a few hundred stories from the People's Daily is not a good look for a data set. His attempts to define capitalism and corruption as two independent variables misses much of the organizational deve [...]


    2. There have been many reports about corruption in China, but much of it based on a few cases and/or anecdotal evidence. Minxin Pei seeks to remedy that in his book China’s Crony Capitalism: The Dynamics of Regime Decay with a data set of 260 cases of several different kinds of corruption in “Post-Tiananmen China”. Pei argues corruption in China is not the result of “a few bad apples” (or in this case a lot of bad apples.) Instead corruption is institutional – the product of post-Tiana [...]


    3. I am not unfamiliar with corruption and collusion in Asian countries, it seems to be in our blood. Pei used all the official published data (nothing confidential, so he was not worried about being assassinated) to explain why economical liberation won't be enough to Xi to finish the corruption, because the political liberation should follow up, otherwise the whole system is still held by these corruptive people in power. "缺乏民主機制,打貪難以落實。"He mentioned a magic number: 7 [...]


    4. Good look at corruption in ChinaPei Minxun looks at corruption in China in a very detailed manner. From this book, corruption looks like an entrenched part of the system. Given also recent discoveries about the corrupt relatives of the highest leaders in the country, it looks like corruption is a feature of China's governance. I only wished there was a more explicit framework - otherwise this is a very good book on corruption in China.


    5. Not always easy to read due to the large amount of data, but a compelling argument why the 21st Century is never going to be the century of this China. Damning.


    6. Minxin Pei central argument is that the endemic crony capitalism in China right now is a product of the poorly-designed property rights reform and decentralization of power in the post-Tiananmen era. A proper institutionalist, Pei lays out the structural origins of the corruption networks that elites in China have established. The unclear ownership over assets and consequent competing claims over them necessitated a collusion between political and economic elites for them to share the spoils and [...]


    7. The author probes for the underlying causes of corruption and collusion in contemporary China. Adopting an institutional outlook, Pei points to the purposefully ill-defined property rights and market privatization in the post-Mao Leninist regime as the main factors contributing to its entrenched crony capitalism. Pei's conclusion is inevitably gloomy: the authoritarian state is fractured, looted, and given a hypothetical transition to liberal democracy and liberal capitalism such the outcome rem [...]




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