It is the (literally) concrete details which illuminate how life is changing for quarter of the world's population. It would make a movie which would make The Godfather seem tame.
Other government agencies also had serious financial problems—out of fifty, auditors found problems with forty-nine—but the scale of plunder in the railway world was in a class by itself. Liao Ran, an Asia specialist at Transparency International, told the International Herald Tribune that China’s high-speed railway was shaping up to be “the biggest single financial scandal not just in China, but perhaps in the world.”
Tuesday, October 16, 2012
China: Express Line to Corruption
This story in the New Yorker about corruption in the Chinese Railway Ministry is well worth a read. You might think that sounds like something which would only be of interest to obscure auditors. It is not. This is on a spectacular scale, truly dramatic, epic in its lurid dirt and crime, and it is the biggest example of something which is the biggest threat to political stability in China.