Chinese officials steal an estimated $120 billion

[Sinister Cultural Marxist]

http://www.bbc.co.uk/news/world-asia-pacific-13813688


Chinese officials stole $120 billion, fled mainly to US

http://news.bbcimg.co.uk/media/images/53489000/jpg/_53489545_53489544.jpg The stolen funds were allegedly smuggled out of China between the mid-1990s and 2008
Continue reading the main story (http://www.bbc.co.uk/news/world-asia-pacific-13813688#story_continues_1) Related Stories



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Thousands of corrupt Chinese government officials have stolen more than $120bn (£74bn) and fled overseas, mainly to the US, according to a report released by China's central bank.
Between 16,000 and 18,000 officials and employees of state-owned companies left China with the funds from the mid-1990s up until 2008.
The officials used offshore bank accounts to smuggle the funds, according to the study posted on the People's Bank of China website this week but which has since been removed.
It said the officials smuggled about 800 billion yuan into the US, Australia, Canada and Holland through offshore bank accounts or investments, like property or collectables.
The stolen funds were covered up by disguising them as business transactions by establishing private companies to receive the money transfers.
The study said corruption inside China was severe enough to threaten the nation's economic and political stability.


Sorry Threetune, I forgot, any article about China shouldn't be posted in fears of undermining the great socialist state. I mean, what's more socialist than getting a job at a state company, laundering tens of thousands of dollars, and buying a huge house in suburban America?

On a more serious note this shows a major shortcoming to "Socialism with Chinese characteristics". It buys rapid development, but at the cost of ecological damage, labor exploitation and, of course, an extremely high level of corruption.

[RedHal]

one bullet and send his widow the bill

[Triple A]

Its funny because pentagon is missing 6.6 billion $ that were supposed to be sent to Iraq and were stolen.

U.S. Defense officials still cannot say what happened to $6.6 billion, sent by the planeload in cash and intended for Iraq's reconstruction after the start of the war.
http://www.latimes.com/news/nationworld/world/la-fg-missing-billions-20110613,0,4414060.story

[JoeySteel]

CPC should (and does in the best case) execute them and doing so when they are overseas is warranted.

[danyboy27]

CPC should (and does in the best case) execute them and doing so when they are overseas is warranted.

and they will probably get them.

The chinese state is really hard toward the capitalist class in china when it come to stealing to the chinese state.

If you are a chinese buisnessman, you are allowed to screw the working class, wreck the environnement, exploit the ressources the way you want, own 2 houses and a boat, but dont you fucking dare steal from the chinese governement.

Its a bit like the Mafia.

[Ilyich]

That is what I would expect from Maoist state capitalists.

[Who?]

That is what I would expect from Maoist state capitalists.

Current Chinese regime? Maoist?

What is this? I don't even...

[Ilyich]

Current Chinese regime? Maoist?

What is this? I don't even...

All right, I misspoke. The current Chinese regime is not Maoist it is "socialist with Chinese characteristics." It is obviously very corrupt and not even barely socialist.

[Chimurenga.]

Holy shit. This is crazy.

[Crux]

Holy shit. This is crazy.
Obviously western propaganda.

[Robocommie]

Bwahaha, so the American bourgeoisie pour money into the Chinese economy, only to have Chinese officials take said money and then leave China to become American bourgeoisie? Brilliant. :lol:

[danyboy27]

Bwahaha, so the American bourgeoisie pour money into the Chinese economy, only to have Chinese officials take said money and then leave China to become American bourgeoisie? Brilliant. :lol:

capitalism is the name of the game homie!

[RED DAVE]

Bwahaha, so the American bourgeoisie pour money into the Chinese economy, only to have Chinese officials take said money and then leave China to become American bourgeoisie? Brilliant. :lol:You obviously fail to understand globalization. What you are describing above is the essence of it:

(1) US capitalists invest in China

(2) Chinese capitalists steal the money

(3) The money is invested in the US.

RED DAVE

[Pretty Flaco]

sounds sort of like the plot to rush hour

[Chimurenga.]

Obviously western propaganda.

Hardy har har.

[Crux]

Hardy har har.
The CIA is obviously spreading misinformation about the glorius people's republic and it's wholly uncorruptable officials.


http://www.china-hiking.com/tibet/PSL.JPG

[Cleansing Conspiratorial Revolutionary Flame]

The CIA is obviously spreading misinformation about the glorius people's republic and it's wholly uncorruptable officials.


http://www.china-hiking.com/tibet/PSL.JPG

Obviously this is the case. :rolleyes:

[Chimurenga.]

The CIA is obviously spreading misinformation about the glorius people's republic and it's wholly uncorruptable officials.

Actually there is nothing far-fetched about corrupt party members and officials in China. That this would happen in China would not surprise me in the least.

You can continue to slander the PSL and think that we are oblivious to corruption and whatnot. It's you who fails to look at an organization objectively and continues to make an ass out of yourself.

[Crux]

Actually there is nothing far-fetched about corrupt party members and officials in China. That this would happen in China would not surprise me in the least.

You can continue to slander the PSL and think that we are oblivious to corruption and whatnot. It's you who fails to look at an organization objectively and continues to make an ass out of yourself.
I've read your paper. I've debated your members. The issues I feel free to judge on, that is your foreign policies, tend to be down-right horrible. I've never needed to resort to slander, only sarcasm. Oh and your own positions, of course.

But now we are speaking abstractly. So this massive corruption in the Communist Party, what do you make of it? A lack of morals?

[La Comédie Noire]

Don't you all know? Stealing from work is a revolutionary act.

[Robocommie]

You obviously fail to understand globalization.


Uh, no Dave, I understand globalization just fine. I was just trying to make a joke about the absurdity of it all. But thanks for being needlessly snide. Thread's barely started, I guess it's never too soon to turn it into a flame war.

It never hurts to be polite Dave, even on the internet.

[Crux]

Don't you all know? Stealing from work is a revolutionary act.
Touché.

[Cleansing Conspiratorial Revolutionary Flame]

Uh, no Dave, I understand globalization just fine. I was just trying to make a joke about the absurdity of it all. But thanks for being needlessly snide. Thread's barely started, I guess it's never too soon to turn it into a flame war.

It never hurts to be polite Dave, even on the internet.

'I guess it's never too soon to turn it into a flame war.'
I don't see how it could potentially turn into a Flame War when its relating to Chinese Capitalism, I don't see how there would be a single user attempting to justify Capitalism within China to the point in which they would be flaming another or vice-versa. :confused:

'It never hurts to be polite Dave, even on the internet.'
I second this. :wub:

[RED DAVE]

Bwahaha, so the American bourgeoisie pour money into the Chinese economy, only to have Chinese officials take said money and then leave China to become American bourgeoisie? Brilliant.
You obviously fail to understand globalization. What you are describing above is the essence of it:

(1) US capitalists invest in China

(2) Chinese capitalists steal the money

(3) The money is invested in the US.
Uh, no Dave, I understand globalization just fine. I was just trying to make a joke about the absurdity of it all. But thanks for being needlessly snide. Thread's barely started, I guess it's never too soon to turn it into a flame war.

It never hurts to be polite Dave, even on the internet.Forgive my heavy-handed humor: I was agreeing with you. The satiric point I was trying to make was that the process you were describing was the essence of globalization.

RED DAVE

[Chimurenga.]

So this massive corruption in the Communist Party, what do you make of it? A lack of morals?

Nope, a further betrayal of the working class. Exactly like we said from the start about so-called "market socialism".

But hey, if you want to keep talking out of your ass, I'm not going to stop you.

[KC]

You can continue to slander the PSL and think that we are oblivious to corruption and whatnot. It's you who fails to look at an organization objectively and continues to make an ass out of yourself.

LOL how does one look at something objectively?

Someone's tangled up in their own dogma.

[Crux]

Nope, a further betrayal of the working class. Exactly like we said from the start about so-called "market socialism".

But hey, if you want to keep talking out of your ass, I'm not going to stop you.
Funny that's not how your positions come out. I am trying but I can literally not find a single article where you do not act as a mouthpiece of the "market socialist" regime: http://www.pslweb.org/liberationnews/search/search.jsp?query=china&includeSubfolders=true

This is the closest to any kind of criticism I hve found, and it is basically just a statement of fact: "China’s pollution is linked to its pattern of economic development. Since 1978, China has increasingly relied on capitalist property interests and economic competition rather than central economic planning as a stimulant for economic growth. This policy has opened up the nation to foreign direct investment by western and Japanese transnational corporations."

This, after defending the Chinese governments "right" to pollute throughout the article, convieniently ignoring the rights of chinese worker's and peasants who have to pay the most direct price for said pollution.

But this is just one example. Any crime on behalf of the chinese regime is, from your usual U.S-centrist point of view, is presented as scapegoating and lies.
So why not this too? It would just follow your usual logic after all.

This would be th article with the most depth, but still deeply confused and still having as the main criticism of presnt day China, save the nostalgia for Mao-era china, as socialist but not "national" enough: http://www.pslweb.org/liberationnews/pages/for-the-defense-of-china.html

[Chimurenga.]

Funny that's not how your positions come out. I am trying but I can literally not find a single article where you do not act as a mouthpiece of the "market socialist" regime: http://www.pslweb.org/liberationnews/search/search.jsp?query=china&includeSubfolders=true

You should see the article "China and the 'socialist market economy'" found only in our China book for our position on 'market socialism'. It can be summed up with the first sentence in the last paragraph of that article;


"The CPC's promotion of a "socialist market economy" is a betrayal of the working class and a decisive move away from building a socialist society."

I will repeat again. The idea that there are corrupt government officials and bureaucrats who betray the class that they are supposed to represent and use their positions in ways like the original post does not surprise me in the least. I certainly don't look at the CPC with rose-colored glasses.

[Crux]

Oh yeah and as an aside, the same article also claims that Milosevic was a defender of the Yugoslavian revolution.

[Crux]

You should see the article "China and the 'socialist market economy'" found only in our China book for our position on 'market socialism'. It can be summed up with the first sentence in the last paragraph of that article;



I will repeat again. The idea that there are corrupt government officials and bureaucrats who betray the class that they are supposed to represent and use their positions in ways like the original post does not surprise me in the least. I certainly don't look at the CPC with rose-colored glasses.
Yet your comrades on here, and indeed your positions, defend the CPC as well as the "national pride of china" and offers no practical content whatsoever to these second-thoughts on China's market-friendly policies. Unsuprisingly as this is the orientation of all the PSL's foreign policies. If the U.S is seemingly in conflict with a country the PSL impressively rushes to it's defence.

[Pretty Flaco]

Yet your comrades on here, and indeed your positions, defend the CPC as well as the "national pride of china" and offers no practical content whatsoever to these second-thoughts on China's market-friendly policies. Unsuprisingly as this is the orientation of all the PSL's foreign policies. If the U.S is seemingly in conflict with a country the PSL impressively rushes to it's defence.

Too bad China is the next contender for world imperialist ambitions, eh? ;)

Workers of the world unite!... under chinese monopolized markets!

[Crux]

"109) To the extent that these struggles, absent the leadership and support from the Communist Party, change from spontaneous battles for economic and social justice to movements that have been taken over politically by a leadership that seeks to overthrow the political rule of the Communist Party, these struggles will inevitably, under the current political circumstances, move into the camp of reactionary counterrevolution and will be organically connected to and nourished by the forces of world imperialism."

So any workingclass movement that goes against the CPC automatically becomes reactionary. As usual the PSL leaves the door open for a "genuine movement" but finds it "unlikely at this time", but this is ultimatly as meaningless as tryhe small shreds of critique that can be found of other regime sthat the PSL otherwise tends to endorse.
Likely this all has it's background in the Marcyite reading of Deformed and degenerated worker's states.

[Lenina Rosenweg]

Property is theft, after all. I am glad the PSL has got this one right though. Damn those capitalist roader revisionists who've somehow wormed their way into the CCP apparatus!

Thank Marx that Qaddaffi, Mugabe, Assad, Cuba, Iran,Bolivia and all the other anti-imperialist states are immune from that sort of degeneration.That kind of theft could never happen there.