AMPONTAN

Japan from the inside out

Ichigen koji (193)

Posted by ampontan on Wednesday, October 10, 2012

一言居士
– 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.

Advertisements

One Response to “Ichigen koji (193)”

  1. Harry said

    People can’t trust each other because money is everything.

    So their way of maximizing GDP is to build things that are designed to collapse, and that includes rail lines.
    中国、鉄道建設に28兆円投資 5年間で
    http://sankei.jp.msn.com/economy/news/121009/fnc12100919160025-n1.htm

    Local governments are now forcing private companies to prepay FUTURE tax payments to “invest” into such programs.

    The 1% take all the money away and leave the country. Is there anyone who can stop this madness?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: