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Insider deals and government connections. [Copy link] 中文

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Post time 2011-12-11 06:22:56 |Display all floors
According to Hoogewerf, most of today’s Chinese rich are young, self-made entrepreneurs who made their money in real estate. (Only 50 of the top 500 are women). Some things haven’t changed: “A political connection is still extremely helpful,” says Hoogewerf — hence the concentration of real-estate fortunes, which are tied to “insider deals and government connections.
   jia na da ren
jia na da ren

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Post time 2011-12-11 23:26:18 |Display all floors
Which is better compared to US-style oligarchy?

Washington and the whole political system hijacked and controlled by wall street financiers.

Even huge scandal like Enron went unnoticed, because it may topple Washington establishment.

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Post time 2011-12-12 09:52:18 |Display all floors
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Roach Exterminator

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Post time 2011-12-12 10:28:24 |Display all floors
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Roach Exterminator

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