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China's Crony Capitalism : The Dynamics of Regime Decay - Minxin Pei

China's Crony Capitalism

The Dynamics of Regime Decay

Hardcover

Published: 19th August 2016
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When Deng Xiaoping launched China on the path to economic reform in the late 1970s, he vowed to build 'socialism with Chinese characteristics.'

More than three decades later, China's efforts to modernize have yielded something very different from the working people's paradise Deng envisioned: an incipient kleptocracy, characterized by endemic corruption, soaring income inequality, and growing social tensions. China's Crony Capitalism traces the origins of China's present-day troubles to the series of incomplete reforms from the post-Tiananmen era that decentralized the control of public property without clarifying its ownership.

Beginning in the 1990s, changes in the control and ownership rights of state-owned assets allowed well-connected government officials and businessmen to amass huge fortunes through the systematic looting of state-owned property'in particular land, natural resources, and assets in state-run enterprises. Mustering compelling evidence from over two hundred corruption cases involving government and law enforcement officials, private businessmen, and organized crime members, Minxin Pei shows how collusion among elites has spawned an illicit market for power inside the party-state, in which bribes and official appointments are surreptitiously but routinely traded. This system of crony capitalism has created a legacy of criminality and entrenched privilege that will make any movement toward democracy difficult and disorderly.

Rejecting conventional platitudes about the resilience of Chinese Communist Party rule, Pei gathers unambiguous evidence that beneath China's facade of ever-expanding prosperity and power lies a Leninist state in an advanced stage of decay.

About the Author

Minxin Pei is Tom and Margot Pritzker ’72 Professor of Government and Roberts Fellow, and Director of the Keck Center for International and Strategic Studies, at Claremont McKenna College.

As Minxin Pei notes in a brilliant book, China's Crony Capitalism, it is all too easy for a would-be strongman to use the charge of corruption as a cudgel against rivals. Yet it is so effective precisely because it is plausible. Using evidence published by the Chinese authorities, Pei shows that collusive corruption is pervasive. It distorts the economy, degrades administration and robs the party of its social legitimacy.--Martin Wolf"Financial Times" (12/14/2016)

Introduction

1. The Origin of Crony Capitalism

2. The Soil of Crony Capitalism

3. Public Office for Sale

4. Cronyism in Action

5. Stealing from the State

6. In Bed with the Mafia

7. The Spread of Collusion

Conclusion

Appendix

Abbreviations

Notes

Acknowledgments

Index

ISBN: 9780674737297
ISBN-10: 0674737296
Audience: Tertiary; University or College
Format: Hardcover
Language: English
Number Of Pages: 316
Published: 19th August 2016
Publisher: Harvard University Press
Country of Publication: US
Dimensions (cm): 14.0 x 21.0  x 2.9
Weight (kg): 0.6
Edition Number: 1