Ichigen koji (193)
Posted by ampontan on Wednesday, October 10, 2012
– A person who has something to say about everything
Well, I’ve been “here” (in China) now for close to 10 years and I can assure you you’re not going to find whatever it is you’re looking for. To any Westerner everything in Asia looks like spectacular growth. If your trips are to a city you’ll see the Chinese 1%, and their spending habits are stupendous. You’ll come back crowing about all the Gucci Vitton Lamborghini-touting brats barreling down the splendid new roads. You’ll go “Wow, look at these shiny new airports!”, and “Wow, look at the doodad-buying mobs thronging the streets!”
And none of that means jackshit. It doesn’t tell you about the land stolen from rural peasants and the theft and graft and fraud. You can’t measure which apartment block is a shoddily erected wreck waiting to crumble and which officials were bribed to build it. Nothing you see will tell you which money is clean and what’s being laundered and what glitzy sportscar was bought from hard-earned cash or some sleazy lending deal. So before you go leaping to any broad conclusions on your little trip check your opinions at the door. As for me, I’ve never seen a country where scamming and The Scam was practiced on such an epic scale. In China, literally everythng from cardboard dumplings to Googleified Ph.Ds and every ripoff and fraud in between. Trust no one and nothing. Stamp Caveat Emptor into your skull right now cause brother, you are gonna need it.
– Dr. Bonzo, writing a comment to the Zero Hedge website
For more on “shoddily erected wrecks”, try this.