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Minxin Pei speaks on...
China's Crony CapitalismHow China's Economy Really Works... and Why It Matters
Dr. Minxin Pei, Director of the Keck Center for International and Strategic Studies,
Claremont McKenna College
February 2, 2017
5:30 - 6:45 pm Esri Conference Center
380 New York St., Redlands, CA 92373
No cost for attendance
In his new book China’s Crony Capitalism: The Dynamics of Regime Decay, Minxin Pei argues that corruption operates at every level in China and has been the foundation of power since 1989. It’s not an accident but a choice of Chinese political elites. They understand that private wealth must connect with political power to be secure in modern China’s economic/political system. Officials can generate lucrative profits by turning their public authority into a tool to seek private gain. Business leaders know that collusion with Chinese officials may lead to the loss of both fortune and freedom if their criminal activities are discovered. But on balance, these risks are worth taking because the near certainty of windfall profits from collusion far outweigh the downside of detection.
World Affairs Council - Inland Southern California
World Affairs Council of Inland Southern California P.O. Box 1268 Riverside, CA 92502