China’s Gilded Age | The Economics of China Episode 5

Why didn’t corruption impede economic growth in China?

In episode 5, Professor Ang explains the paradox of Chinese development paired with a crisis of corruption.

Produced by Matthew Kulvicki, Nick Alpha & Kurt Semm

[LuisAldamiz]

Prof. Ang is very wise and explains things extremely well. I don't miss a video, totally worth it.

[vwati]

As a Nigerian who has been following this lecture i already guessed, absent any data, that Grand theft will be the biggest form of corruption in Nigeria and @ 14:37 i was proven right.

[oxvendivil]

For me I use Mean average IQ of the population. High MAIQ means the population will not tolerate petty corruption by non-elites while grand theft corruption are dealt with eventually, elite access money corruption are actually tolerated until it becomes too much and there is backlash either from the market or the people. Low MAIQ populations tend to tolerate petty corruptions in their daily lives because they don't concern themselves with the repercussions, all types of corruption are tolerated and the state fails, only to be replaced by another set of elites that will repeat the process until the state breaks apart into smaller states in which the effects of petty corruption and all types of corruption are more immediate, palpable and visceral that even low MAIQ populations are forced to react and the situation is fixed to some extent, this is more effective if the borders are not porous and the population is forced to solve its internal problems or perish.

[hodjepodje]

Excellent video and series many countries and societies find ways to legalize their corruption and even enforce corruption with force.

[conw_y]

Great series! Thanks for spreading knowledge and not dogma.

[mukeshsharma-iqdp]

Prof Ang, i am really impressed with your impeccable intelligence!! YOU ARE 100% Amazing!!🙏

[genocidegrand]

hope you put videos on each big countries corruption index. especially the big economy or population like indonesia and other countries

[psycadelic]

Cool corruption index. Very interesting.

[dbmorganizing]

“Chrony capitalism” is just capitalism. In all eras and at all stages of development “speed” and “access” bribes exist because capitalism’s goal is self-interested profit making through the commodity form. Capitalism is seeking development through anti-social behaviors and goals. Eventually “access” money leads to political capture once the wealthy decide to just become rulers instead of bribing them.

[johndoh]

We call access money lobbying in America

[keeseongng]

Hope U Have Conscious Telling The News About China.
🤔🤔🤔🤔🤔🤔🤔🤔🤔

[keeseongng]

Speak Well...Perhaps Time For U To Talk About The Corruption In USA & Its Government With Private Sectors

[horridohobbies]

You're not suggesting that the USA did not, and does not, have corruption, are you?

Corruption in America is *_institutionalized._* It's built into the political system. Campaign financing and lobbying are examples of legalized bribery.

[patbyrneme]

Professor Ang raises some useful points, I wish she would drop this trite analogy between the Gilded Age in the United States at the end of the19th Century and China today. There are so many fundamental differences between the structure of the two societies, their ideologies, the role of the state, foreign policy etc. that the comparison just doesn't stand up. Unfortunately, it is a common curse among academics to try to create such "clever" but unsustainable comparisons.
Her points about how China works would be much more useful if she stopped trying to shoehorn them into this ill fitting comparison with America 130 years ago.

[NeidlichesSchwert]

Horribly written. 
When you can't write using correct grammar, facetiousness gets taken to a new level.

[LuigiSimoncini]

What a messy/confusing narrative and "explanation" . Why does she have to introduce terms (eg access money) and define then several minutes later? Bad bad teacher.